If you operate through a limited company, have surplus cash in your company bank accounts and are thinking of drawing this out, please do get in touch before you do anything.
Taking drawings out of your company bank accounts can, depending on the balance in your director’s loan account (the amount the company owes to you or vice versa), create an overdrawn director’s loan account and sometimes repaying the amount back in after a certain period may not fully resolve the position.
There are tax implications to this which can be substantial and so it is important you let us know what you are planning to do before you make the move so we can advise accordingly.