When our experienced team at CST Wealth look at remuneration planning for a business, a key part of our analysis will be to find out how efficiently you are drawing income from the business. If you are a partnership or sole trader, we may also make recommendations on whether you should consider incorporating your business.
For a shareholder of a limited company, you have several remuneration options. Most people will take a salary but as this increases it becomes less and less efficient. A balance of Salary, Dividends and Pensions contributions can significantly impact the amount that you get to keep.