FREE TRACKER
FREE TRACKER: what an overdrawn director’s loan really costs
Taking money out of your own company is normal. Leaving it overdrawn at your year end triggers two separate taxes, on two different people, over two different periods. This tracker keeps the record as you go and tells you the bill before it arrives.
Three sheets, no macros, updated for the April 2026 rate change.
WHAT’S INSIDE
The record you wish you had kept in January
A log you can actually maintain
Every movement between you and the company, with a date, a description and a running balance. Ten seconds each time beats an afternoon of reconstruction from bank statements, and the date is what decides which tax rate applies.
The section 455 charge, at both rates
The rate rose to 35.75% for money advanced from 6 April 2026, and the rise is not retrospective. Repayments clear the older cheaper borrowing first, so what survives is usually taxed at the higher rate. The tracker splits it properly and gives you the date it falls due.
The benefit in kind most people miss
Go over £10,000 at any point in the tax year and an interest-free loan becomes a taxable benefit, even if the balance is back down by April. The tracker tests your peak, works out the charge, and shows the interest payment that would remove it entirely.
