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Bonus - take cash, shares or pay into pension?

qwerty99 · 2011-02-27 16:24:17

The company I work for is due to pay an annual bonus in March. Usually I take it as company shares or make an AVC into my pension. This year however, I don't understand how the USC will be applied to these choices. Taking a notional 1000eur as my bonus, which is the most tax efficient & valuable option of the 3 - take the…

27-02-2011 4:24pm

#1

qwerty99

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Join Date: February 2011

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The company I work for is due to pay an annual bonus in March. Usually I take it as company shares or make an AVC into my pension. This year however, I don't understand how the USC will be applied to these choices.
Taking a notional 1000eur as my bonus, which is the most tax efficient & valuable option of the 3 - take the cash, take shares or pay it into my pension?
Thanks in advance for your help!

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Comments

#2 28-02-2011 4:57pm

Mr. Incognito

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USC will be applied regardless unless you take it as revenue approved shares. (i.e where a concession has been agreed because the shares prescribe to revenue treatment / concessoion, in reality quite rare)

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