Lavender Financial Planners

Too much cash in your business? What options do you have?

Are you comfortable with your business’s current cash deposits? Did you know that a company or LLP has a number of options to choose from? A top priority has to be tax-efficiency, ideally combined with the additional benefits of security, easy access and flexibility. Selecting one that offers everything can be difficult.

The instant access and relatively safe (but modest) returns offered by deposit accounts may be a reasonable default position, but has it become less attractive with falling interest rates and inflation? If you are a business owner you could:

  1. Do nothing
  2. Use high-interest accounts/bonds
  3. Take a loan from the company
  4. Distribute the funds as dividends
  5. Make company pension contributions

But have you considered looking at other investment solutions for your liquid assets?

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Living with Long Term Care needs

With the UK’s population ageing, more people will be living with long-term care needs. This means that as we approach old age, it becomes more likely that we may need day-to-day help with certain activities like washing and dressing, or assistance with household tasks, such as cleaning and cooking. This type of support, along with some types of medical assistance, is called long-term care.

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