Transfering money from saving account

[jafersadeq]

Hi
Zimba and other gurus,

I wonder if it is ok when I transfer money from my personal saving account in the UK to the business account as a director's loan,

Kind regards.

[sheraz78]

As far as your name is mentioned on the transaction, It is acceptable.
Dont forget to reference the transaction as director loan.

[jafersadeq]

As far as your name is mentioned on the transaction, It is acceptable.
Dont forget to reference the transaction as director loan.

Thanks a lot,

They did not mention that it is a director's loan but they provided me a letter says that remittance is a director's loan according to my request.

Please advise
Thanks

[zimba]

It does not need to mention directors loan. Any money transferred by a director to a business is by definition a director's loan. Just your name is enough