With marginal tax rates, inclusive of social insurance and the Universal Social Charge, of up to 52%, for most executives the need for competent tax advice is compelling. Depending on the components of your remuneration package, e.g. share based remuneration, etc., you may have reporting and tax payment obligations which fall outside the normal payroll. As well as working with you to ensure that you meet all compliance requirements, we can provide advice in relation to optimal investment structuring to ensure your overall cost is minimised.
In the case of mobile executives, we can work with tax advisors in other jurisdictions to ensure that Irish and foreign taxes are structured in a tax efficient manner. Where possible, the components and timing of remuneration are structured so as to avail of tax reliefs e.g. foreign earnings deduction and relevant reliefs under Double Tax Agreements.
We have significant experience in the tax efficient structuring of redundancy / retirement packages to ensure that value is maximised for employees.
Some recent assignments include;
- Advice to a non-Irish domiciled individual on Ireland / UK cross border issues and optimal residence position
- Structuring of redundancy / retirement package for key executive so as to maximise tax & pension benefits
- Advising individuals returning to Ireland on retirement to include pre arrival gift and CGT planning, efficient structuring of termination package and taking up residence in Ireland.