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How to maximise the value of farm company earnings

A director's pension scheme is the most efficient way of converting company profits into personal wealth

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Company directors can retire and draw on their pension benefits from age 60 onwards

Company directors can retire and draw on their pension benefits from age 60 onwards

Company directors can retire and draw on their pension benefits from age 60 onwards

In previous articles I have highlighted the taxation benefits of forming a limited company but one of the most commonly asked questions that I am confronted with is how does one extract some of those retained profits from your limited company in a tax-efficient manner.

There is no one answer to this question and I will deal with a number of possible options in future articles.

But for the purposes of this article, I will cover one commonly-used method of converting company cash into personal wealth - namely, a director's pension scheme.