Opportunities to use salary sacrifice to reduce tax and NI are now very limited, but some arrangements are still possible. With changes to auto-enrolment on the horizon how can you take advantage?
Published 09.06.2017
Your company’s financial year is ending soon and projections point to a reasonable profit. If you draw this as a dividend, you’ll pay higher rate tax, whereas your spouse would only pay at the basic
rate. Can you simply shift the income to them?
Published 26.11.2010
You’re about to reach state pension age but have no intention of giving up running your company. As you’ll no longer have to pay NI contributions on salary should you start taking more of it and less
in dividends?
Published 07.01.2019
You’ve reached state pension age and so are no longer liable to NI on salary. To improve tax efficiency should you change how you take income from your company especially in view of the extra tax
payable on dividends from 6 April 2022?
Published 09.02.2022
As a director of your small company you have complete autonomy over when and how you are paid. What do you need to consider before committing your company to a salary if cash is tight?
Published 17.10.2023
We now know the NI limits for the next tax year as well as the tax-free allowances and rate bands. If you want to set your salary for optimum tax efficiency what figure should you be aiming at?
Published 04.02.2014
One of your employees has asked if she can give up some of her salary for extra holiday. You’re aware that there are special tax and NI rules for sacrificing pay for benefits. How do they apply in
this situation?
Published 13.11.2018
You’ll soon need to prepare Forms P11D for 2018/19. Like many employers this might be the first time you need to include benefits provided to employees through salary sacrifice arrangements. What do
you need to know?
Published 01.05.2019
The higher NI rates for 2022/23 will mean an employee on the average wage will pay around £230 per year more compared to 2021/22 and you’ll faces a similar increase. How can you both legitimately
reduce or avoid this extra cost?
Published 08.03.2022
Whilst there’s only a couple of weeks left in the current tax year, as a company owner manager that’s enough time in which you can improve your income tax efficiency. What steps should you be taking
to achieve this?
Published 24.03.2022