Two of us have have been directors of a small company in the north for the last 5 years. The company has managed to make a profit each year. Currently the balance sheet shows £300k. We've £100k lyng in a reserve account for about three years and now plan to take some money out of the company. Is this the right thing to do? We both have affordable mortgages on our main residences of £120k & £90k. We also jointly own an investment property value = £170k with £60k mortgage and our office premises value = £500k with mortgage = £300k Our plan is to take 50K each out of the business and just pay it off our PPR mortgage. We are aware of the tax liability. Is this the right thing to do? We are debating whether to invest further in property or is it time to stop accumulating debt and reduce our personal liabilities. We are both late thirties with no pension plan other than property investments.