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I am the sole director of a Limited company that entered a MVL on 30 October. Our accounting reference date is 31 December. Accounts have been submitted to Companies House and HMRC for the year to 31/12/14 (where we made a loss).
In May this year I cashed in a poorly performing pension as I needed the cash for, amongst other things, some investment in my business. This has now been treated as income by HMRC and has (seriously) affected my tax credits. Any thoughts? Anything I cana do?
I am in the lucky position of having retired early, and have been approached to go back "one last time". I should be able to command a large fee, but don't want to give any more than neccesary to George.. at least not immediately.. I also have quite a bit of unused annual pension contribution (and have not started cashing-in any pension) SO here is the question.