Closing company

by Janemfreeman at 14:45 27/03/14 (Ask-Legal-Accounting)

Due to the fact that contracts have dried up and my age I have decided to close down my one person limited company.

Although I haven't had a contract in the last year I have been taking a modest salary but no dividends. I have something like £60k left as cash in the company. What would be the best (and tax efficient) way of closing the company down. Or is it worth leaving it running, taking a salary, until there is nothing left in the pot? -- Janemfreeman Tweet

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