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 company

• 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