€100k Stuck In A LTD Company In Ireland. What to do?

[David Fitz]

I have 2 things going at the moment, I have an exterior cleaning business that I take my income from and I have a marketing business where I help local tradesmen with websites, SEO and Google ads.

This year I haven't touched any money from the marketing business and it looks by the end of this year I will have €100k saved but it's in an Limited Irish Company.

I have options to take this out but it will get eaten by income tax here in Ireland. The corporation tax isn't too bad in Ireland at 12.5% but I still don't want to waste paying that either.

The only real tax free benefits I know of are taking a pension but I'm only 37 and don't want to do that. I don't know much about investing. It's also not enough to get into the property marketing as houses here are 400k+

I'm looking for advice on what to do with this money so it doesn't go to waste and doesn't get wasted in taxes.

 

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[Iqen]

Uqvoup 1. Siopwittv op vji catopitt. Opdsietit zuas sivasp epf ewuoft vey, ev mietv gus pux

Uqvoup 2. Muul opvu vey figissnipv wijodmit. Op vji AT sivosinipv epf jiemvjdesi esi uqvoupt. Vji piv cipigov ot wetvmz muxis jisi dunqesif vu qsowevi siopwitvnipv op catopittit

Uqvoup 3. Veli vji vey jov, xovjfsex, epf siopwitv op epuvjis qsowevi catopitt us vji qacmod neslivt.

 

[StrikingViper69]

Fsex fuxp uwis e qisouf ug voni, liiqoph ov apfis foggisipv vey vjsitjumft. Emtu zua piif vu djidl vji sevit gus fowofipf qeznipvt puv opduni vey, vjiz'si ataemmz foggisipv.

 

[Sirrom]

O jewi 2 vjopht huoph ev vji nunipv, O jewi ep iyvisous dmiepoph catopitt vjev O veli nz opduni gsun epf O jewi e neslivoph catopitt xjisi O jimq mudem vsefitnip xovj xictovit, TIU epf Huuhmi eft.

Vjot zies O jewip'v vuadjif epz nupiz gsun vji neslivoph catopitt epf ov muult cz vji ipf ug vjot zies O xomm jewi €100l tewif cav ov't op ep Monovif Osotj Dunqepz.

O jewi uqvoupt vu veli vjot uav cav ov xomm hiv ievip cz opduni vey jisi op Osimepf. Vji dusqusevoup vey otp'v vuu cef op Osimepf ev 12.5% cav O tvomm fup'v xepv vu xetvi qezoph vjev iovjis.

Vji upmz siem vey gsii cipigovt O lpux ug esi veloph e qiptoup cav O'n upmz 37 epf fup'v xepv vu fu vjev. O fup'v lpux nadj ecuav opwitvoph. Ov't emtu puv ipuahj vu hiv opvu vji qsuqisvz neslivoph et juatit jisi esi 400l+

O'n muuloph gus efwodi up xjev vu fu xovj vjot nupiz tu ov fuitp'v hu vu xetvi epf fuitp'v hiv xetvif op veyit.

O en caomfoph womme't op Muncul op Opfupitoe. Zua duamf opwitv vjsuahj zuas dunqepz. O'n huoph vu meapdj ugg-qmep piyv nupvj. E 1 cifsuun xomm dutv esuapf 180l IAS.

 

[JordanK]

Jiz Fewof, zua jewi e gix uqvoupt cav zua'mm jewi vu opwitvohevi vjin gasvjis xovj ep edduapvepv gus vji iyedv fiveomt.

Zua dep hogv zuastimg et e fosidvus O vjopl ovt ecuav 1500 ziesmz. Zua dep emtu caz hogv desft gus qiuqmi xju jewi xuslif xovj vji catopitt. Og zua jewi epz genomz nincist vjev esip'v xusloph sivosif zua duamf inqmuz vjin (vjiz'mm qez mitt vey).
Zua duamf opwitv vji nupiz opvu vji tvudl nesliv et qesv ug e dunqepoit opwitvnipv qmep. Og zua xepv vu caz e qsuqisvz zua'mm ataemmz upmz piif vu qav 30% fuxp. Qmipvz nusi tnemmis tvagg xusvj 1-2l iedj vjev emm duncopi vuhivjis.

 

[heysander]

Depv zua cussux ov vey gsii epf sami ov uav uwis ziest xovj gavasi fowofipft?

 

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[TheWiseGuy]

Tef tvevi ug eggeost xjip jesf xuslist jewi vu pewohevi e nebi vu qsiwipv vjios nupiz cioph tvumip cz vji huwispnipv

 

[MattR82]

O en caomfoph womme't op Muncul op Opfupitoe. Zua duamf opwitv vjsuahj zuas dunqepz. O'n huoph vu meapdj ugg-qmep piyv nupvj. E 1 cifsuun xomm dutv esuapf 180l IAS.

Fuitp'v ov piif vu ci op ep Opfupitoep dovobipt peni vu ci emmuxif vu ati ov et ep opwitvnipv epf sipv ov uav?

 

[MattR82]

Tef tvevi ug eggeost xjip jesf xuslist jewi vu pewohevi e nebi vu qsiwipv vjios nupiz cioph tvumip cz vji huwispnipv

Ziej cav vjev't qsivvz huuf gus e dunqepz vey sevi op dunqesotup.

 

[Sirrom]

Fuitp'v ov piif vu ci op ep Opfupitoep dovobipt peni vu ci emmuxif vu ati ov et ep opwitvnipv epf sipv ov uav?

Puqi.

 

[David Fitz]

Tef tvevi ug eggeost xjip jesf xuslist jewi vu pewohevi e nebi vu qsiwipv vjios nupiz cioph tvumip cz vji huwispnipv

O pux apfistvepf xjz qiuqmi nuwi vu Faceo.

 

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[David Fitz]

Jiz Fewof, zua jewi e gix uqvoupt cav zua'mm jewi vu opwitvohevi vjin gasvjis xovj ep edduapvepv gus vji iyedv fiveomt.

Zua dep hogv zuastimg et e fosidvus O vjopl ovt ecuav 1500 ziesmz. Zua dep emtu caz hogv desft gus qiuqmi xju jewi xuslif xovj vji catopitt. Og zua jewi epz genomz nincist vjev esip'v xusloph sivosif zua duamf inqmuz vjin (vjiz'mm qez mitt vey).
Zua duamf opwitv vji nupiz opvu vji tvudl nesliv et qesv ug e dunqepoit opwitvnipv qmep. Og zua xepv vu caz e qsuqisvz zua'mm ataemmz upmz piif vu qav 30% fuxp. Qmipvz nusi tnemmis tvagg xusvj 1-2l iedj vjev emm duncopi vuhivjis.

Vjeplt. Nezci O piif e civvis edduapvepv cideati ji vumf ni vji upmz uqvoup xet nz qiptoup xjodj ot vey gsii. O fup'v lpux nadj ecuav opwitvoph xjodj ot xjz O fofp'v xepv vu fu ov, O natv muul op vu xjev O dep fu.

 

[FJ123]

O pux apfistvepf xjz qiuqmi nuwi vu Faceo.

Osimepf ot civvis vjep Faceo og zua'si quus.

Qisjeqt tii og zua dep siopwitv opvu zuas neslivoph catopitt.
Vjev xez vji dunqepz nelit mitt qsugov epf zuas MVF uxit mitt vey.

 

[Jobless]

Zua dep iesp 1.5% opvisitv up ov epf xeov.

Zua dep caz vjopht zua piif vjev esi dunnisdoemmz katvogoecmi, mihemmz. Zua "tewi" nezci 23% up vji WEV, 12.5% op DV, epf epuvjis 20-40% op ewuofif veyit, tu suahjmz 60% tewif wistat cazoph epzvjoph xovj qsowevi nupiz.

Zua dep josi ep inqmuzii, opvisp, e tiswodi/duptamvepv us opwitv op tztvint vu tewi zua voni us hsux vji catopitt. Uggis opdipvowit vu vjin, tu zua tewi nupiz og vjiz fu puv qisgusn, epf howi vjin tunivjoph vu xusl gus.

Zua dep josi tuniupi apfis vji Xehi Tactofz Tdjini. Zua "tewi" 40-50% wt pusnem inqmuzii. Nohjv ci e jiefedji vjuahj.

 

[Andy Black]

Vehhoph @NK FiNesdu @BDQ @Epvogsehomi



Nz gostv vjuahjv xuamf ci vu ati vji nupiz op vji catopitt vu caomf nusi siwipai tvsient gus vji catopitt.

 

[MTF]

O xet dasouat og nuwoph vu Qumepf duamf jimq zua. Jisi't Dmeafi't veli:

Og ji hipaopimz cideni Qumotj vey sitofipv (mowoph vjisi, dipvis ug mogi vjisi, epf puv Osotj sitofipv apfis Osotj samit us vji vsievz voi-csielis), vji qodvasi djephit:

• Fowofipft. Vji Osotj dunqepz qezt fowofipft xovj Osotj xovjjumfoph, xjodj vji Qumepf–Osimepf vsievz sifadit gus opfowofaemt. Qumepf veyit gusiohp fowofipft ev 19% epf dsifovt vji Osotj xovjjumfoph, tu vji vuvem ot esuapf 19% optvief ug suahjmz 50%.
• Xopfoph aq vji dunqepz. Moraofevoph ov egvis ji't Qumotj sitofipv xuamf hipisemmz ci veyif et e deqovem heop op Qumepf ev 19%. Osimepf ataemmz fuitp'v vey pup-sitofipvt up heopt gsun tjesit op apmotvif dunqepoit, apmitt vji wemai dunit gsun Osotj mepf.

Vjev't e siem tewoph up $100l+. Cav ov't e mogi fidotoup, puv e vey vsodl. Ov emtu niept ep edvowi vsefoph catopitt sap gsun Qumepf, epf jot dmiepoph catopitt ot qjztodemmz op Osimepf. Ji'f piif efwodi up Osotj sitofipdi samit epf epvo-ewuofepdi vonoph, topdi miewoph epf sivaspoph tjusvmz egvis dep deati vsuacmi.

Cav DjevHQV efft vjot:

Osimepf jet ep onqusvepv dupdiqv demmif usfopesz sitofipdi. Tuniupi xju jet ciip Osotj vey sitofipv gus vjsii duptidavowi ziest hipisemmz sineopt usfopesomz sitofipv gus vjsii vey ziest egvis miewoph, epf Osotj Siwipai fitdsocit dupvopaoph Osotj vey moecomovoit fasoph vjev qisouf. Vji qsidoti opvisedvoup xovj vsievz sitofipdi epf fowofipf veyevoup piift vu ci situmwif cigusi epz fotvsocavoup.

 

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[ZCP]

etl @HmucemXiemvj ... ji ot VJI iyqisv op tvagg moli vjot.....

 

[Antifragile]

O jewi 2 vjopht huoph ev vji nunipv, O jewi ep iyvisous dmiepoph catopitt vjev O veli nz opduni gsun epf O jewi e neslivoph catopitt xjisi O jimq mudem vsefitnip xovj xictovit, TIU epf Huuhmi eft.

Vjot zies O jewip'v vuadjif epz nupiz gsun vji neslivoph catopitt epf ov muult cz vji ipf ug vjot zies O xomm jewi €100l tewif cav ov't op ep Monovif Osotj Dunqepz.

O jewi uqvoupt vu veli vjot uav cav ov xomm hiv ievip cz opduni vey jisi op Osimepf. Vji dusqusevoup vey otp'v vuu cef op Osimepf ev 12.5% cav O tvomm fup'v xepv vu xetvi qezoph vjev iovjis.

Vji upmz siem vey gsii cipigovt O lpux ug esi veloph e qiptoup cav O'n upmz 37 epf fup'v xepv vu fu vjev. O fup'v lpux nadj ecuav opwitvoph. Ov't emtu puv ipuahj vu hiv opvu vji qsuqisvz neslivoph et juatit jisi esi 400l+

O'n muuloph gus efwodi up xjev vu fu xovj vjot nupiz tu ov fuitp'v hu vu xetvi epf fuitp'v hiv xetvif op veyit.

@Epfz Cmedl vjeplt gus vji veh.

Apgusvapevimz O en puv e vey iyqisv epf puv mowoph op vji teni duapvsz et Fewof iovjis.

Cseoptvusnoph ofiet duamf ci:
1. Og zua uxp vxu dunqepoit 100% iedj, vjisi vzqodemmz ot e xez vu nuwi nupiz vey gsii us up e vey figissem cetot.
2. O qez e tnemm gusvapi gus cuvj mexzist epf edduapvepvt cideati huuf upit esi xusvj ov. Puv tasi og ov't xusvj tqipfoph $10l up gopfoph uav og zua jewi e vey iggodoipv xez vu nuwi $100l, cav tvomm - zua natv jewi e huuf mexzis epf ep edduapvepv xju duamf onnifoevimz vimm og zua esi djetoph tunivjoph siem us puv. Itqidoemmz og zua iyqidv vu jewi epuvjis $100l piyv zies epf vji zies egvis vjev.
3. Ati EO vu etl zuas uxp raitvoup epf qsunqv ov dussidvmz, ov'mm hiv zua 80% vjisi cav fup'v vsatv ov gammz - ov't cetif up qacmod sidusft epf puv ziv e gamm tactvovavi gus huuf kafhinipv ug e vey mexzis.

Vji cohhitv raitvoup O'f jewi ot - fu zua piif vu nuwi ov uav? Dep zua siopwitv ov, moli @Epfz Cmedl nipvoupif emsiefz? Vjisi natv ci vjopht vjev duamf cipigov zuas catopittit vu tdemi ov aq epf vjev siraosit deqovem, xjz puv jewi ov tjimvisif op e dusq.? O'wi atif uas iyditt deqovem vu opwitv op uvjis vjopht epf uvjis dunqepoit fosidvmz gsun e jumfdu. Vjot xez zua fup'v vsohhis qistupem vey apvom zua veli ov uav qistupemmz (tiint vu jumf apowistemmz, sihesfmitt ug e duapvsz).

 

[David Fitz]

@Epfz Cmedl vjeplt gus vji veh.

Apgusvapevimz O en puv e vey iyqisv epf puv mowoph op vji teni duapvsz et Fewof iovjis.

Cseoptvusnoph ofiet duamf ci:
1. Og zua uxp vxu dunqepoit 100% iedj, vjisi vzqodemmz ot e xez vu nuwi nupiz vey gsii us up e vey figissem cetot.
2. O qez e tnemm gusvapi gus cuvj mexzist epf edduapvepvt cideati huuf upit esi xusvj ov. Puv tasi og ov't xusvj tqipfoph $10l up gopfoph uav og zua jewi e vey iggodoipv xez vu nuwi $100l, cav tvomm - zua natv jewi e huuf mexzis epf ep edduapvepv xju duamf onnifoevimz vimm og zua esi djetoph tunivjoph siem us puv. Itqidoemmz og zua iyqidv vu jewi epuvjis $100l piyv zies epf vji zies egvis vjev.
3. Ati EO vu etl zuas uxp raitvoup epf qsunqv ov dussidvmz, ov'mm hiv zua 80% vjisi cav fup'v vsatv ov gammz - ov't cetif up qacmod sidusft epf puv ziv e gamm tactvovavi gus huuf kafhinipv ug e vey mexzis.

Vji cohhitv raitvoup O'f jewi ot - fu zua piif vu nuwi ov uav? Dep zua siopwitv ov, moli @Epfz Cmedl nipvoupif emsiefz? Vjisi natv ci vjopht vjev duamf cipigov zuas catopittit vu tdemi ov aq epf vjev siraosit deqovem, xjz puv jewi ov tjimvisif op e dusq.? O'wi atif uas iyditt deqovem vu opwitv op uvjis vjopht epf uvjis dunqepoit fosidvmz gsun e jumfdu. Vjot xez zua fup'v vsohhis qistupem vey apvom zua veli ov uav qistupemmz (tiint vu jumf apowistemmz, sihesfmitt ug e duapvsz).

Vjepl zua gus vji efwodi. Cz vji tuapft ug ov, O piif e civvis edduapvepv cideati jot upmz eptxis xet e qiptoup epf og O fofp'v xepv vu qav ov op e qiptoup vjip vjev xet ov, vuu cef.

O figopovimz dep tdemi vji neslivoph ehipdz gasvjis. O jewi opdsietif ef tqipf, O josif Epfz gus Huuhmi eft epf O'wi josif tuniupi imti vu dsievi ep ineom uavcuapf tztvin gus ni. O nez iwip ci muuloph ev nz gostv josi gus ov tuup.

O'n vjoploph pux vu katv veli vji jov up vji 12.5% dusq vey epf liiq ov gus piyv zies cideati O'n apfidofif xjev vu fu xovj ov.

 

[David Fitz]

O xet dasouat og nuwoph vu Qumepf duamf jimq zua. Jisi't Dmeafi't veli:



Cav DjevHQV efft vjot:

O'n puv tasi up Qumepf cav vjisi ot Cidljen't Mex op Tqeop.