most efficient for tax purposes

[pflangan]

Hi,

Would anyone voice their opinion as to the best, or most efficient, setup for lowering tax paid on earnings.

i.e. what are my options with regards to paye, self employed, partnership or limited liability company setup.

I'm contemplating returning from the UK, where I am sole director of a company there, and would like to know what the pros and cons are of a similar structure are in ireland.

regards

 

[Jim Davis]

The ones that first spring to mind would be:

Pension contributions
Mileage & expense claims - must be legitimate
Different BIK's
Maximise your cut off (20%)
If you have a wife/partner, child of age, you could employ them in the company and maximise their cut off (20%)

There are other reliefs depending on the type of company and business activity.