You’re planning the remuneration package for the directors of two new subsidiaries of your company. What should you be considering to maximise tax and NI efficiency?
Published 26.06.2019
As a general rule, the cost of NI on benefits in kind (BiKs) is less than that on salary etc. But in some situations the opposite is true. When can you take advantage of this?
Published 17.01.2014
Usually, the total NI bill on benefits in kind is less than that for an equivalent amount of salary. However, in some circumstances the position is reversed. In what situation can this work in your
favour when planning your remuneration?
Published 30.11.2022
On advice from your accountant your businesses are owned by separate companies within a group. As a director of each company what’s the most tax and NI-efficient way to be paid earnings from them?
Published 26.10.2023
You son, who’s at university, wants you to pay for his driving lessons. It will cost around £1,000 to get him through his test. Would putting it through your company be a cheaper and more
tax-efficient option than paying for it personally?
Published 27.05.2016
As an owner manager of a company, taking income from it in the most tax and NI-efficient way is probably near the top of your list. The general view is that dividends are the best option, but when
might benefits in kind trump them?
Published 27.06.2023
Taking benefits in kind instead of salary can save you tax and your company NI. To get the best outcome you need to tailor the arrangement to fit your financial circumstances. But is this type of
scheme always tax efficient?
Published 02.05.2014
A subscriber is the main shareholder of a company and his spouse owns the remaining shares. They each receive dividends but our subscriber wants to know if it will be tax efficient for the company to
also provide shareholder benefits?
Published 08.07.2021
Your company is doing well and so you plan to increase what you take from it. The question is, what’s the most tax-efficient way to do it? Usually dividends are the best option, but might there be a
more tax-efficient alternative?
Published 28.10.2014
The taxation of dividends and benefits in kind has changed significantly in recent times. So if you’re considering taking more income from your company, which should you choose for maximum tax
efficiency?
Published 31.08.2017