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 benefit appropriate to their lifestyle.

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

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