EPISODE · Sep 16, 2023 · 51 MIN
What was appropriate prior to 2014 is no longer applicable in 2023: Dividend only strategy
from How is my Financial Health, Doc? · host Vu Kiet Tran
Many of our colleagues have been instructed by accountants to use a "Dividends Only" strategy to take money into the personal hands. This strategy may be valid for some, but not for most (at least not after 2014). Unfortunately, despite the changes in the law, our colleagues have not been instructed to change strategy. This persistence down the same path may have major detrimental repercussions. Learn what these repercussions could be and how they apply (or not) to you. If you want to leave me feedback or comments, please email me at [email protected].
What this episode covers
Many of our colleagues have been instructed by accountants to use a "Dividends Only" strategy to take money into the personal hands. This strategy may be valid for some, but not for most (at least not after 2014). Unfortunately, despite the changes in the law, our colleagues have not been instructed to change strategy. This persistence down the same path may have major detrimental repercussions. Learn what these repercussions could be and how they apply (or not) to you. If you want to leave me feedback or comments, please email me at [email protected].
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What was appropriate prior to 2014 is no longer applicable in 2023: Dividend only strategy
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