S R Lynn & Co·Blog

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Income splitting - tackling the practical issue

You recently started a new business which you run through a company. You’ve been told that you can reduce your tax and NI bill if you issue your spouse with shares in the company. Assuming that’s correct, what are the practicalities involved?

How to pay a tax-efficient golden handshake

One of your firm’s directors is retiring soon and the board want to pay him a lump sum to reward his long service. The trouble is that golden handshakes are usually taxable. Is there a more tax-efficient alternative?

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