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KRW Tax Tips

06 November 2017

How to reduce company car tax

on Monday, 06 November 2017.

Company car tax is based on the car’s list price when new, and its Co2 emissions, and with annual increases, the tax/NIC on a company car benefit can soon mount up.

In this month’s Tax Tip we look at how use can be made of the capital contribution and interest-free loan rules to mitigate the tax implications of providing a company car.

02 October 2017

Accessing your pension savings tax efficiently

on Monday, 02 October 2017.

Since 2015 it has been possible to access pension savings more flexibly, with greater access to your funds upon reaching 55, and more options on how they are drawn.

In this month’s Tax Tip we compare the tax implications of taking a tax-free lump sum followed by flexible drawdown, with drawing uncrystallised fund pension lump sums.

30 August 2017

EMI share schemes: A tax efficient incentive for key staff

on Wednesday, 30 August 2017.

Enteprise Management Incentive (EMI) share schemes provide a tax efficient way to incentivise staff by offering them share options that enjoy favourable tax benefits.

In this month’s Tax Tip we look at the tax benefits of EMI share schemes, which make these schemes well worth considering for those looking to reward and retain key staff.

02 August 2017

How to fund private school fees tax efficiently

on Wednesday, 02 August 2017.

Business owners who are paying private school fees for their children’s education often ask if there is a more tax efficient way of structuring their affairs to meet this cost.

In this month’s Tax Tip we consider the circumstances in which minor children could hold company shares (directly or via a Trust) and use dividend income to pay these fees.

28 June 2017

Drawing salaries from multiple companies

on Wednesday, 28 June 2017.

With the advent of dividend tax, drawing more than one salary is often advantageous as an alternative to dividends, even if this triggers some personal tax.

In this month’s Tax Tip we look at the tax savings available by taking salaries from multiple companies, and the pitfalls to watch out for.
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