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04 Nov 2009
Family businesses are considering doubling their normal dividend to offset the Government’s tax hike on high income earners.
The government’s controversial 50% tax increase for those earning more than £150,000 on April 5, could be countered by family companies in a move which would allow family members to limit their tax liability, The Telegraph reports.
Mary Monfries, head of UK private business at PricewaterhouseCoopers, said she has had a couple of clients “seriously thinking” about how to plan their finances over the next few years.
“I have had a couple [of clients] seriously thinking 'What do I need funding-wise over the coming few years? If I take it out before April it will cost me less than if I did it afterwards'," she said.
Read the full story: Companies plan bumper dividends to beat income tax rise
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Briefings
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