Private Company

The Background

  • Use of Corporate Structure for cash extraction strategy 
     
  • A small private Co - Husband & wife owner directors - both in late 40's

 

The Issues

  • V cash rich Company making strong profits
     
  • recent house move entailing large 'jumbo' mortgage (c1.2m)
     
  • Looking to reduce debt urgently but all cash in the co.
     
  • husband fully pensioned but no pension on wife.

 

The Solutions

  • Set up self admin trust for wife
     
  • use co funds over 3 yr period to max cash allowance for wife (250k)
     
  • Built fund for over €900k and retired wife at age 50.
     
  • Tax free cash immediately reduced mortgage loan
     
  • ARF & AMRF set up to produce income yield to support monthly mortgage repayment
     
  • Access to cash IF needed via ARF at any stage going forward