If you have a need for some short term funding, taking a loan from your company is straightforward, and can help plug any short term cash flow problems you may have. And if you are a higher rate tax payer in the current tax year and don’t want to attract the top end tax that your dividends do, taking a loan can often be the best way to go.

There are some rules though, and this brief guide gives you a quick outline of what they are. If you have any more questions about this, feel free to get in touch with us.

1: Loan less than £5,000