investing as a limited company

Hi,

I have a UK limited company through which I do part time consultancy work, and it's got about 25k in the bank (HSBC). As a higher rate taxpayer through my main job, I'd like to leave the money in the company so I'm looking to earn interest on it.

I'm looking for a simple internet operated savings account similar to cahoot or egg that's open to limited companies. Can anyone suggest one?

Thanks

Andy

Reply to
Andy Fish
Loading thread data ...

Doesn't this open you up to issues over "retained profits"? I'm not sure but I'd check thoroughly that the "£25k in the bank" won't get company taxation slapped on it simply for being there.

Abbey National's business current account pays 2.4% on balances over

25k. Their Business Reserve account offers 3.5%. Can be operated via the internet.
Reply to
usenet

I've already paid corporation tax on it, so presumably the company can now do what it likes with it (in terms of investments at least)

thanks, I'll check that one out

Reply to
Andy Fish

Scottish Widows usually pays higher rates, but isn't internet based.

Reply to
Jonathan Bryce

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.