Tax Efficient Employee Benefits - Choosing the Right Option

Introduction

This seminar examines the ways in which remuneration packages can be tailored to deliver a better after-tax result whilst remaining consistent with the commercial objectives of the company and the interests of the employees.

Presented by expert speaker Jeremy Mindell, this seminar will examine how remuneration packages can be built for junior, middle and senior employees.

Consideration will be given to the tax effective methods of remunerating individuals under the age of 21 as well as the potential benefits of taking on apprentices. The seminar will also look at how a compliant and efficient expenses regime can deliver greater values to employees whilst reducing employer costs.

Whilst the simplest form of remuneration is cash, for every £113.80 that a company spends an additional rate taxpayer receives only £53.00, giving an effective tax and National Insurance rate of over 50%.

The changes to the rates of dividend taxation as well as CT rates and national insurance rates have altered some of the working assumptions in terms of payments of dividends as opposed to salary.

This seminar will look at the effect of the restrictions in tax efficient use of salary sacrifice and the Optional Remuneration Arrangements Legislation (OPRA).

What You Will Learn

This course will cover the following:

• Pensions and the changing environment
• Company cars
• Salary sacrifice
• Training
• Tax approved share schemes
• Tax free benefits
• Flexible benefits
• Bonus planning and deferrals
• The administration and reporting of remuneration
• Remuneration for globally mobile employees