Quite a bit past it radge
Lewis Flag Donator
- Jun 28, 2002
- Reaction score
Salary sacrifice I think jack.I recall at the AGM some chap asked a question around LDs money.
Rod rescued the star struck Jamie, he's not used to being asked awkward questions.
Our paid directors salaries are agreed with a small number of nonexec directors who take guidance from some independent directors salary review body.
Also muddying the waters was that a director, or directors, had become quite creative with pension payments - as they are allowed to do - and this might look as though remuneration packages are a bit topsy turvy (not the actual actuarial term).
Basically takes money off the 'top' of your pay and sticks it into a pension pot saving tax etc.
Although there is tax to come when it is realised as income depending upon other circumstances.