How do I take money out of my business tax-efficiently?

Enjoy your success

You’ve worked long hours and put in hard work to build your business. Now, you’re ready to withdraw money from your company and enjoy the fruits of your labour.

However, as with many things in life, withdrawing cash from your business is not as simple as it sounds and it comes with implications. But with our help, we will take away any confusion and provide you with a clear path to follow.

Your problems, our solutions

Prioritise you, not just numbers

So our relationship goes in the right direction; we get to know you as a human first. Then, once we understand your goals, hopes and dreams, we look at ways to help you maximise business and personal tax breaks, reliefs and allowances available. We spend a lot of time being upfront and listening to you before getting into the nitty-gritty.

Plan for your retirement

It can be challenging to keep up with pension legislation, but one thing is for certain: pensions are a tax-efficient way to save for retirement and extract money from your business. We’ll help you control the income you withdraw from your company and, therefore, the tax you pay. All of which will benefit you in the long run.

Utilise our professional networks

A key benefit of working with us is that you can reach networks you could never reach before. Our strong professional network includes individuals in the property sector, private equity firms and accountants. This enables us to bring a lot of solutions to the table that aren’t strictly to do with financial planning.

Create a wider business strategy

Our Human First™ approach is all about getting to know you on a deeper level and providing solutions tailored to you. We don’t just focus on tax efficiency; we will discuss whether you are doing the right things, consider incentive schemes and look at your management structure. We’ll make sense of business decisions and consider what they mean for your future.

Your personal sounding board

With numerous responsibilities placed on your shoulders on a day-to-day basis, it’s easy to get caught up with everything going on around you. We will become your confidant, someone with who you can discuss your burning issues, worries and success stories. As our relationship together develops, you’ll feel like you can open up and talk to us about everything.

Our Human First™ Approach

There’s no one quite like you. Our approach recognises your unique ambitions, hopes and questions, and delivers a bespoke plan. Your plan will evolve over time, just as you do, and we will never stop protecting your interests and preparing for the future.

How it works

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Our latest client survey results are in…

We couldn’t be prouder to share with you what our clients think of the Human First™ service we provide.

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of clients would recommend us to their friends, family or colleagues

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believe that working with us has helped or will help them achieve their financial goals

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were satisfied that we understood their needs, goals and aspirations

Murphy Wealth is authorised and regulated by the Financial Conduct Authority. FCA number: 747648. Registered in Scotland. Company number: 445032. Registered office address: Sutherland House, 8th Floor, 149 St Vincent Street, Glasgow, Scotland, G2 5NW.

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