€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.