Remuneration Trusts

Aim

The Remuneration Trust aims to provide more flexible financial opportunities for Companies, Partnerships and Sole Traders when making decisions on options to provide additional incentives to suppliers and service providers.  The Remuneration trust aims to increase available incentive funds through legal (and safe) wealth-saving strategies, and to reduce liabilities.

The present economic environment, and the constraints this brings to business and financial management, means that organisations and individuals are searching for smart solutions to efficiently incentivise suppliers and service providers. A remuneration trust is a mechanism that allows profit from a UK limited Company to be deducted as an expense. 

Product Case

A UK-resident company, partnership or sole trader, making trading or investment profits, wishes to provide incentives to any of its suppliers or service providers.

The Remuneration Trust

Using legal strategies successfully implemented since 1990, the company, partnership or trader can fund an incentives plan, under statutory protection, through a wealth-planning Minerva trust mechanism. The company will make a legal deduction of profits from its profit and loss account to the Remuneration trust.

Generic Advice Note:

The information provided in this product description is of a generic nature, and the use of a Remuneration Trust is a complex area, requiring specialist knowledge.  As such, it is recommended that specialist advice is sought for each unique set of circumstances of your Company and employees. Foy Wealth Ltd. does not accept any liability for any action taken as a result of the information contained herein, and this is not intended to be an exhaustive legal statement in respect of the general application of remuneration trusts.  Please contact us for more details; we would be delighted to discuss your situation in more detail.


 

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