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Anley
House - Anley Street - St Helier Jersey JE2 3QE Channel Islands Telephone 01534 750100 |
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HBA Remuneration Facilities Company Limited
HBA Remuneration Facilities Company (RFC) is a company that specialises in providing expert advice to clients on providing their key management and staff with merit-based reward incentives that may be structured to ensure that the maximum benefit is passed to those who ensure the success of the business in tax efficient ways.
The RFC works with professional Tax advisers and Fiduciary Service providers in order to ensure that the structures comply with current Tax legislation in the jurisdiction in which the business is based and may be structured in an appropriate offshore structure. By so doing we are usually able to recommend structures that offer substantial savings from tax on the sums budgeted for such merit-based incentive payments, thereby ensuring the maximum benefit to those involved.
We offer a full service provision from advising on appropriate incentive models, to managing the establishment of the offshore structures once our advice has been accepted and finally to ensuring that the structures meet their Fiduciary obligations in generating the incentive to the employees.
Our service involves a close working relationship with clients, an understanding of their business and their overall intentions in offering merit-based reward incentives to their key players. We then advise on effective structures and approaches to meet current intentions and recommend longer-term incentives that might be established in the future. Generally, such relationships will endure for a number of years, which enables such incentives to be structured to ensure future and ongoing incentivised performance.
Recommendations for incentivised reward schemes will take into account the objectives of the company, the budget allocated and the desires of the recipients. In this way structures can be established that ensure an appropriate type of reward for each individual – not all of whom will be simply motivated by money!
Consequently, we devise and implement individual reward packages for Employees, which may include bonus payments, the provision of assets including company vehicles, loans, health insurance, approved and unapproved share incentive and option schemes and other benefits as the RFC may in its absolute discretion determine.
Our service is advisory and facilitatory. Once the client has accepted our proposals we will ensure that the structures are established as agreed and that the employees obtain their reward. At no time does the RFC hold client funds, these being allocated directly to the structures once established.
Fees are charged as a percentage of the budget to be distributed with a minimum charge level set; the actual percentage charged will reflect the size of the budget and will be agreed with the client in the light of the budget and client relationship. Companies envisaging use of the service would typically be seeking to distribute at least £300,000 in a year; no ceiling applies.
For more detailed information
please call Bob Hassell on +44 (0)1534 750100.