Personal loan

SELF-ASSESSMENT TAX FUNDING FOR LLP MEMBER

A member of a multi-partner LLP accountancy practice responded to our January tax funding flyer to enquire about financing his personal tax liability.

The PFC account manager discussed at length the benefits of spreading the cost of the January and July tax bills, highlighting the added advantage that the borrowing was in the name of the individual, and not the LLP.

Every 6 months, this LLP member now draws down a professions tax funding loan in his name only, content in the knowledge that he can ring-fence his own personal cashflow position, and enjoy a competitive professional credit product arranged twice a year with minimal fuss.