Remuneration Planning

Why is remuneration planning important?

Every business and every person’s income needs are different, and it is important that this is reflected in your remuneration planning.

It is vital when running your business that you structure the extraction of your profits in an effective manner, but equally as important is the provision of a tax efficient remuneration scheme which will help you to attract and retain staff.

Planning for the future

In an increasingly competitive labour market, offering a remuneration package which helps to meet the expectations of your current and future employees has never been so important. Providing company cars, benefits in kind, salary sacrifice arrangements and child care vouchers are all important ways in which you can offer remuneration for staff in a way which is tax efficient for both them and you.

Our team of experienced tax advisers can help you to mitigate your

Income Tax
National Insurance
PAYE exposure
Assisting the cash flow of your business

How can we help?

There are a number of ways in which you can plan for remuneration, whether you are operating a large organisation or a small limited company. Through careful consideration of options such as extraction by way of dividend you can maximise your business’s tax efficiencies, but equally you will require detailed planning if you are to meet your obligations for ongoing National Insurance contributions, national minimum wage regulations and tax liabilities, whether this is through PAYE or by self-assessment. This can also have an impact on Corporation Tax Relief.

Speak to an adviser

Our teams have a wealth of experience in helping clients navigate the tax system. By taking the time to understand your business we can identify ways in which you can maximise any available tax reliefs and Government approved schemes, whilst ensuring that you are meeting your obligations to both HMRC and your staff.