The income tax exempt threshold is to double to £10,000 from 2014/15. This can result in a useful loan to any employee or director with no tax charge on the interest saved, whatever use is made of the loan. As such it forms an attractive part of a remuneration package.
Beneficial loans from employer
News: April 2013
Beneficial loans from employer
The income tax exempt threshold is to double to £10,000 from 2014/15. This can result in a useful loan to any employee or director with no tax charge on the interest saved, whatever use is made of the loan. As such it forms an attractive part of a remuneration package.
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