Corporate Tax and Trust Service
Directors and Senior Executives
Our remuneration planning allows participators (i.e. business owners, shareholding directors, senior executives and/or key staff) to receive their non-contractual bonus awards through a tax efficient remuneration arrangement.
Their bonuses are paid into the specified sub-trusts for the benefit of themselves, their immediate families (parents, brothers, sisters, children and spouses) and registered charities. However, only the original participator can issue 'Letters of Wishes' recommending particular courses of action to the trustees. There are several options for funds within the Sub-Trust. These are:
- Investments (with gross roll-up for growth and foreign income)
- Loans - interest or non-interest bearing
- Tax-Free cash withdrawals*
- Taxable emoluments
Payments made into these types of Trusts are usually made by us for directors, executives and key staff. There is normally a deferral of Income Tax and National Insurance until funds are withdrawn and remitted to the individual in the UK. However, loan planning does, in some instances, enable withdrawals without triggering an immediate taxable event and in some schemes, the entire fund can be removed tax-free*. Loans can be subject to either a commercial rate of interest or a P11D-Benefit in Kind (BIK) tax payment.
*Depending on arrangement
For a personalised illustration please call Kristy Roberts now on 0207 029 9450 or request a call back.
Companies & Businesses
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AWD Chase de Vere Corporate Services Limited's range of services is not regulated by the Financial Services Authority (FSA) under the Financial Services & Markets Act 2000. Our recommendations and services do not include advice or brokerage in relation to regulated financial products, such as life assurance, pensions and investment products. These services can be provided by our sister company, AWD Chase de Vere Wealth Management Limited, whose contact details are available on the home page.