Rewarding Employees – Talent Acquisition and Retention

Many of the Revenue-approved schemes that were tax efficient means of giving an employee equity in their employer company have been abolished. However, there are still a few ways of achieving tax savings when putting a remuneration package together for both mainstream employees and attracting key hires and retaining existing staff. We can help with:

  • Designing an appropriate share structure for key employees. This could include share options (unapproved and the new KEEP Scheme for SME employers), direct shareholdings, restricted stock units, phantom or growth shares, SAYE schemes and profit sharing schemes. There are ways of reducing the BIK tax charge on share-based remuneration, whilst also protecting the employer if a shareholding-employee leaves the business
  • Tying a tax efficient share scheme into your retirement plan
  • Advising on other tax free BIKs that are available, particularly where you would like to give something back to all staff
  • Minimising employer’s PRSI of 11.05% on certain benefits
  • Advising on appropriate pension provision for business owners, management and staff
  • Developing remuneration packages for inbound and outbound expats and advising on tax residency issues
  • Developing and advising on tax efficient staff redundancy and retirement packages

How can we help you?

Contact Laura Lynch & Associates or submit a business inquiry online.

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