Trusts are a widely-used and long-standing financial vehicle used for asset management and protection since well before the Victorian era. The power of the legal entity known as the trust has been long standing, John D Rockefeller understood this best with his widely quoted exortation to ‘control everything, own nothing’ and following his own advice placed all of his assets into a conglomerate of trusts. (He knew a thing or two about wealth management – Wikipedia states ‘Rockefeller’s net worth over the last decades of his life would easily place him as the wealthiest known person in recent history’.)
Our solution is legal, falls outside of the scope of MSC and IR35 legislation and we ensure that all tax deductions are taken as they fall due. We consider our product to be one of the most robust available in the marketplace which also produce some of the best retention rates.
We have contractors on site at many major employers including Credit Suisse, RBS, Morgan Stanley, the FSA, the BBC and the Financial Ombudsman. Many contractors are now choosing our solution, rather than using ‘umbrella’ companies, largely because the single-person and ‘expenses’ solution are no longer as tax efficient as they were – and are now coming under a greater level of scrutiny from HMRC.
You need a solution which is simple, compliant, robust in respect of any future legislative changes, and which gives your business a competitive advantage. Talk to us to learn how to move your business forward in 2011.