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