CBHC Financial Advice
19/11/2017
Consider switching from employee pension contributions to employer
contributions made on behalf of employees to reduce NIC costs. This is a
very tax effective way of rewarding employees as full tax relief is
given on the contribution made by the company and the employee/director
is not taxed on this as a benefit in kind. The NI savings are
considerable when bearing in mind that between employer and employee
these can be as much as 28%!
Consider switching from employee pension contributions to employer
contributions made on behalf of employees to reduce NIC costs. This is a
very tax effective way of rewarding employees as full tax relief is
given on the contribution made by the company and the employee/director
is not taxed on this as a benefit in kind. The NI savings are
considerable when bearing in mind that between employer and employee
these can be as much as 28%!
For tailored advice on how to best manage your personal and business finances, get in touch with us today and find out about how CBHC can help you do more with your money.
