Remuneration Trust
Friday, 30th September 2011
This strategy is an alternative payment structure to dividends/PAYE and bonus whilst mitigating or eliminating Personal Income Tax, National Insurance (NICs) and Inheritance Tax (IHT). The funds drawn can be utilized for any means. They could be used to repay off personal loans, private mortgages or even returned back to the company in order to assist with working capital requirements. In this instance the monies would be invested into the company by way of a Director’s Loan Account, enabling the individual to receive back the monies at a later date free of Personal Income Tax.
Remuneration Trust – Key Benefits
- Mitigate or eliminate Personal Income Tax & Inheritance Tax (IHT)
- Assets held in the trust are free of Capital Gains Tax (CGT)
- Up to 100% of the company’s retained profits can be contributed into a trust.
- The funds held in the trust are outside of the directors’ personal estate for Inheritance Tax (IHT) purposes.
- Any funds taken and spent can be offset against the individual’s estate.
Remuneration Trust – Available To
Limited Companies and Limited Liability Partnerships
Call us to discuss your requirements on 0871 789 9988, or click here to contact us.
