Remuneration Trust
Would you like to pay less tax on your income?
Ok, so stupid question really! Its something that all of us wish for! Our Remuneration trust allows just that! Pay less tax (or even none if you wish) on your income and yes its 100% legal and fully disclosed to the HMRC.
Great, so give me the basics of how it works
As long as you are a company owner, a sole trader or someone with income that is not processed through the PAYE system we can help you. If you have income through PAYE we can work with you to discuss options to create an environment where you can take advantage of our services.
The basics are you contribute your income or company profits to the remuneration trust you have established and there is no tax payable on the contribution.
Is This Very Complex With Lots of Paperwork
Behind the scenes it is very complex, however all of the paperwork is administered for you, you tell us what you need and the rest is done for you, leaving you free to enjoy the additional income, with the peace of mind that everything is being properly managed on your behalf.
The Remuneration Trust is designed to deliver more versatile financial options for Companies, Partnerships and Sole Traders when reaching decisions. For instance, on choices to offer further benefits to suppliers and service providers. The Remuneration trust is designed to extend available incentive resources by way of legal (and secure) wealth-saving techniques, as well as lessen liabilities.
The current economic environment, as well as the difficulties this creates to business and financial management, suggests that organisations and individuals are seeking sensible approaches to effectively incentivise suppliers and service providers.
Whilst conventional salary payment models, such as bonuses and dividends, are helpful, a remuneration trust could also be used as a possible incentive that could offer more significant financial freedom, and improve current funds available.
A remuneration trust is actually a device that enables profit from a UK limited Company to be deducted as an expense. The trust enhances accessible wealth by minimizing liabilities and making the trust funds available to trust beneficiaries via a more effective channel.
Remuneration Trust
Product Illustration
A UK-resident company, partnership or sole trader, generating trading or investment profits, would like to offer incentives to any of their suppliers or service providers.
The Remuneration Trust
Employing legitimate techniques successfully executed for many years, the company, partnership or trader can finance an incentives program, under statutory protection, via a wealth-planning trust device. The business can make a legal deduction of profits from its profit and loss account to the Remuneration trust.
Loans can be made to the Business when necessary for cash flow or even to the company directors etc. Loans are tax-free to the recipient, and develop a debt against the balance sheet or perhaps IHT requirements.
General Guidance For The Remuneration Trust
The content presented within this description of product is of a general nature, and utilizing a Remuneration Trust is actually a complicated area, demanding specialized knowledge.
Consequently, our recommendation is that professional guidance is sought for every unique set of circumstances of your Business and employees. Stuarts Green Consultancy will not accept any legal responsibility for any action taken resulting from the information contained herein, and this isn’t supposed to be a comprehensive legal declaration in respect of the common use of remuneration trusts.
Professional advice is offered through Stuarts Green Consultancy. Please speak to us for further information; we will be pleased to discuss Remuneration Trust suitability for your circumstances in greater detail.
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Remuneration Trust
