The tax rules on using a director’s loan account

Accessing a director's loan account can be a powerful and flexible option when you're in need of cash quickly for personal reasons, but this comes with strict tax rules if you want to avoid the high penalties. We explain everything you need to know about using a director's loan account, including covering how you might accidentally open one! 

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Chapters

• 0:55 What is a director’s loan?
• 1:32 What are the different types of director’s loans?
• 2:33 Why take out a director’s loan?
• 4:24 How much can I borrow from my company?
• 5:15 Do I have to pay interest?
• 8:00 When do I have to repay my director’s loan?
• 8:46 How much tax is charged on an overdrawn director’s loan account?
• 10:02 How do I repay my director’s loan?
• 11:15 Can I take out another loan once I’ve repaid?
• 12:04 Can I just write off my director’s loan?
• 13:06 Get help with your director’s loan