Can I pay the school fees from my company ?
We get asked alot if its possible to pay school fees ( and alot ofother items !) out of a Limited Company that you are a shareholder anddirector of.
In a word the answer is yes !
But its a question of whether you really want to, and the real answer, like all tax planning is not always that simple.
Firstly, if you are using a "low salary & high dividend" routethen you will not be able to do any better than you are. Dividends arethe most effective way of extracing money from your company into yourhands.
So that begs the question, when might you want to pay school fees from the company ?
The answer is that you would only want to do this as a replacement of salary or PAYE earnings.
Assuming that your had a minute of a company meeting approving the payments, and t