Remuneration Planning

In an increasingly competitive labour market, it is vital that businesses recruit, retain and motivate their employees. This can be achieved by developing remuneration packages which minimise tax and national insurance for both employees and employers whilst at the same time giving employees the cash and benefits appropriate to their lifestyle.

In recent years, flexibility has become the key word for devising these packages which as well as salary may include pension contributions, benefits and the opportunity to acquire shares in the employing company through share schemes. Employers need to keep packages under constant review to ensure they meet the requirements of employees and are as tax effective as possible.

At Creaseys, we are well equipped to help with every stage of this process from an initial review of benefit packages and suggestions for making them more tax and national insurance efficient to developing some of the newer ideas such as tax advantageous share schemes. Depending on the size of company, either Enterprise Management Incentives (EMI)s or Company Share Option Plans (CSOP)s offer real tax planning opportunities to reward and encourage employees.

For further information please contact Elizabeth Robertson.