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tax on bonus- damage limitation?

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alboy_2
alboy_2 Posts: 1 Newbie
in Cutting tax
Hi,

Does anyone know of a way to be more efficient when it comes to recieivng an annual bonus from an empolyer for perfromance reward? i.e. are there other methods of recieving, e.g. vouchers, gifts etc? thanks.

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  • Mikeyorks
    Mikeyorks Posts: 10,377 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    alboy wrote: »
    i.e. are there other methods of recieving, e.g. vouchers, gifts etc? thanks.

    Yes. And they're all taxable ... as directly related to employment.
    If you want to test the depth of the water .........don't use both feet !
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