I am a contractor working in the UK and I own a limited company here.
I briefly spoke with an accountancy about investing my company's cash although I haven't followed the topic with them. The answer I got is that it would incur taxes on the profits and it's generally not recommended. Probably there are more reasons why the accountancy doesn't recommend it but as mentioned I haven't dug into that.
So I thought I would ask this question here.
I'm not planning to shut down my company in the nearest future (which would allow me for Members Voluntary Liquidation and it would incur only 10% tax) so I am looking at alternatives.
Have any of you done that before and is it something I could use to increase my profit?
I'm thinking about (if it makes sense) putting this money into index funds or bonds or something similar with low risk.
Is it complex from the accountancy perspective? Would it incur more tax then it is worth it?