I own a small company that is generating a profit. I want to invest this money to grow wealth. I also have a paye job and am on top rate of tax already. I already have a directors pension set up.
My question is whether option a) or b) is a better idea
(a) retain the money in the company and invest as a company ( e.g. spend 100000 to buy forestry or shares). I am essentially building wealth of company which I can extract at a later date, possibly when I am not on top rate of tax.
(b) take paye income and invest the post tax money in shares/ other investment
Thanks in advance for your feedback.
My question is whether option a) or b) is a better idea
(a) retain the money in the company and invest as a company ( e.g. spend 100000 to buy forestry or shares). I am essentially building wealth of company which I can extract at a later date, possibly when I am not on top rate of tax.
(b) take paye income and invest the post tax money in shares/ other investment
Thanks in advance for your feedback.