Employee Remuneration Planning

Whether you are an employer looking to pay your staff more effectively, an individual coming to the UK to take up employment or whether you are simply looking at the most tax efficient way to structure your own remuneration package, we are able to offer comprehensive advice on all employment tax issues.

Remuneration is defined as the reward received from one’s employment and the term covers all forms of salary and wages, including tips, allowances, benefits (such as company cars, medical plans and pension provisions), bonuses, cash and non-cash awards and incentives. It also includes the private use of company assets, although there are exemptions.

In terms of attracting and retaining the best people or rewarding them when they leave or retire, a tax efficient remuneration structure can be crucial in a competitive market. Whether considering termination payments (“Golden Handshakes”) or inducement payments (“Golden Hellos”) the tax issues are often central to the decision making process and our team has the knowledge and experience to guide you through all the issues.

Our services extend to both UK resident individuals and those seconded to the UK on a permanent basis or semi-permanent basis and can include:

  • Bonus and benefits planning
  • Stock option schemes and share incentive plans
  • Profit extraction planning
  • Advice on secondment arrangements
  • Managing compliance issues and local taxation advice in overseas jurisdictions

 

Please contact us to speak to one of our advisers regarding potential remuneration planning opportunities in more detail.