DWI CPD Test: How To Efficiently Extract Wealth From Your Limited Company

1. What is the main goal when extracting wealth from a limited company?

Increase company debt

Reduce profits

Minimize tax and maximize personal benefit

Avoid paying employees

2. What’s one tax-efficient alternative to a high salary?

Large personal loans

Dividends

Buying expensive cars through the company

Paying suppliers late

3. Which professional is most helpful for structuring tax-efficient wealth extraction?

A dentist

A financial advisor

A travel agent

An accountant

4. What is a benefit of making employer pension contributions?

They reduce company corporation tax

They increase PAYE bills

They are taxed twice

They are paid only after retirement

5. How does proper planning help with wealth extraction?

Increases unnecessary expenses

Ensures all profits stay in the company forever

Avoids overpaying tax

Eliminates need for accountants