8min chapter

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Ep 197: Limited Companies 2024 Masterclass

Medics Money podcast

CHAPTER

The Myth of Tax Efficiency with Limited Companies

This chapter discusses the myth that a limited company automatically makes someone tax efficient, explaining that it may not be suitable for everyone due to the costs and administrative burden. It also explores different methods of taking money out of a limited company and the pros and cons of each, including paying a salary and the importance of having one for state pension eligibility.

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