Husband & Wife Tax Efficiency
Client: Married couple running a consultancy business
Problem:
Husband was the sole director and shareholder of a profitable limited company. His wife contributed informally but was not on the books. They were missing out on her tax allowances, resulting in higher overall tax liability.
Solution:
We issued shares to the wife, added her to payroll, and split dividends according to their individual tax bands. We also implemented pension contributions for both spouses to reduce corporation tax.
Result:
- Saved over £9,200/year in tax
- Fully compliant and future-proof structure
- Increased household income with no additional workload
About us
We are an independent firm of Chartered Certified Accountants and Chartered Tax Advisers based in London. Since our establishment, we have been dedicated to supporting clients on their business journey, providing practical, reliable, and forward-thinking advice.