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