Company shutdown - tax implications for tax reserve?

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greentree

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I wonder if anyone can give me some advice.

Nearly all orders have stopped for my company due to the downturn.

The company still has substantial cash reserves. If I was to shutdown the company tomorrow, what is the most tax efficient way of withdrawing this money?

Thanks in advance!
 
Liquidate and pay the retained earnings out to yourself as a capital distribution which will be taxabel at 22%.
 
Also make your self redundant to avail of the 10k basic exemption plus 765/year of service
There is a increased exemption also available depending on your pension status

If you had a company pension scheme consider putting money in it
 
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