deferring salary payment


N

news.easynews.com

Hypothetical question, would this be legal?

If I was hypothetically earning a lot of money.

Could I draw up an agreement whereby I was paid £20,000 / year (or less) for
x* number
of years to lessen the tax burden for me?

* where x is greater than the number of years
I am actually working for.
 
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T

Tim

Hypothetical question, would this be legal?

If I was hypothetically earning a lot of money.
How? - Employed, self-employed, property, other investment income...?

Could I draw up an agreement ...
Agreement between yourself & whom??
 
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D

Doug Ramage

news.easynews.com said:
Hypothetical question, would this be legal?

If I was hypothetically earning a lot of money.

Could I draw up an agreement whereby I was paid £20,000 / year (or less)
for x* number
of years to lessen the tax burden for me?

* where x is greater than the number of years
I am actually working for.
In theory, probably.

Or have you considered the Salary Sacrifice option, whereby the £20K would
be diverted to a Pension Scheme. The employer would also benefit from the NI
saving which could be factored in also.
 

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