How we structured a Fulham media professional's affairs for £18,000 saving
Client M is a Fulham-based media professional with PAYE employment income, freelance presenting fees, and royalty income from past productions, with total income around £195,000. The income was spread across employment and self-employment with no coordination, and a chunk fell into the £100,000-£125,140 personal allowance taper zone where the effective marginal rate is 60%.
We consolidated the picture, set up a personal service company for the freelance presenting work (which the engagers were happy to contract with), structured a pension contribution to reduce adjusted net income below the taper threshold, and ensured all legitimate freelance expenses - agent fees, professional subscriptions, equipment, travel - were properly claimed. We timed royalty receipts and freelance invoicing to smooth income across tax years.