A question we are often asked is: how can I pay myself in the most tax efficient manner?
To answer this question, family and owner-managed companies should typically consider a combination of salary, bonuses and dividends, and where appropriate pension contributions to ensure tax efficiency. The precise mix will depend on the particular circumstances of each company and its shareholders.
As part of our review of your remuneration arrangements we can consider options such as:
- Bonus versus dividend comparison
- Pension contributions
- Restructuring of shareholdings to involve spouses and/or other family members
- Tax efficient benefits
- Salary sacrifice arrangements
This process can involve a comprehensive remuneration planning exercise which takes your personal objectives into account. We often find that this process can drive some significant savings.
Contact us below and let our specialists review your arrangements.