Umbrella Remuneration Trust

Scenario:-

Self-employed higher rate professional who cannot incorporate under the terms of his contract has heard of an umbrella remuneration trust "to save tax" (his words)

In 2011/12 40% tax band was £23500 chargeable.

Are these suitable for self-employed taxpayers? Particularly those who need this income level to maintain lifestyle?

Has anyone in Practice had any experience of success with any of the various organisations offering these schemes, and are they still considered safe as HMRC tries to attack more and more schemes?

In other words- if it sounds too good to be true........

 

 

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Umbrella Remuneration Trusts

cliveth |

Many thanks cliveth

WallyGandy |
WallyGandy's picture

URTs

carlh |