Companies and student fees

Companies and student fees

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We have two student sisters who want to set up a business supplying equipment etc.,to other students in order to finance their own student fees. In time possibly also support other students.

The most straightforward option appears to be a company with income withdrawn by salary/dividends but is there a more tax efficient way that we are missing. They are also concerned about the effect on entitlement to student loans and grants.

Any comments would be appreciated. Many thanks.

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