Solutions

K10 solutions Financial Services Limited uses salary packaging as a process of distributing contract income into taxable and non-taxable components in order to minimise tax, National Insurance and administrative burdens, while maximising net returns and benefits.

Our Employees usually receive a mixture of wages, expenses, benefits and bonuses. Discretionary Bonuses paid via employee profit sharing schemes are offered, which will attract little or no tax. This kind of remuneration strategy has been commonly used by large corporations and UK football clubs to retain and reward key staff/players. The high legal costs and compliance costs has meant that these kind of structures were normally unavailable for the average contractor. However by employing you through our consulting company, we can assist in packaging your contract income more tax-efficiently, while ensuring you fall outside of IR35.