US EditionHow to pay a tax-efficient golden handshake
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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? Golden handshakes It’s a classic “bloke down the pub says” scenario – golden handshakes up to £30,000 are tax free. In fact, that’s never been true. The £30,000 tax and NI-exemption for employment termination payments cannot usually…
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