5 Different ways to take money out of your limited company

When you run your own limited company, accessing funds from it is not always straightforward. Make sure you're extracting any money you need for personal use in the most tax-efficient manner by combining these 5 different strategies. 

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Chapters

• 1:32 Access money from your company by paying yourself a director’s salary
• 2:53 What are the advantages of paying a director’s salary?
• 4:11 What are the disadvantages of paying a director’s salary?
• 4:45 Extract profits from your business by paying yourself dividends
• 5:52 What are the benefits of paying yourself dividends?
• 6:44 What are the drawbacks to paying yourself dividends from your own limited company?
• 7:47 Use money from a limited company to pay for benefits-in-kind as part of your remuneration package
• 9:31 An efficient way to extract money from the company is to enrol onto a workplace pension scheme
• 11:40 Another method of taking money out of your business is by taking out a director’s loan
• 14:13 Do you have more questions on how money can be withdrawn from your limited company?