Footballers Pay Question

[Willy Nilly]

Footballer get paid boat loads of cash, or at least the ones in the top flight do. I'm not making a comment on that, but am interested in how they get paid.

Are they on PAYE like me?

Does Sir Alex McFerguson come around on a Friday with payslips and a time sheet for them to fill in?

Do they just get paid by bank transfer like most people or is there some other financial vehicle/instrument or whatever that they get paid by?

Would they even have a normal current account?

[obob]

Wayne Rooney gets paid in bananas and granny bookers.

[cotney]

I think a lot of them have Limited companies set up and receive their "income" into the company, and then distribute it out as dividends rather than wages, to save tax.

[Black can man]

Yaya toure has his own securicor van , allegedly

[essexplumber]

obob said:

Wayne Rooney gets paid in bananas and granny bookers.

[Hackney]

A lucrative line in "image rights" paid to [footballer's name] ltc means they pay far less tax than their actual wages.

[snowy]

Hackney said:

A lucrative line in "image rights" paid to [footballer's name] ltc means they pay far less tax than their actual wages.

Who pays more tax than what they earn????, Footballers have a very short career and I think can draw a pension at the age of 35, don’t begrudge anyone who earns what they can during their working live, no matter how much

[Cheib]

Pretty much all the clubs had schemes set up called family benefit trusts which footballers and other highly paid industries took advantage of....unsurprisngly HMRC too a dim view of it over time and it's no longer allowed but only in the last few years. They were offshore in places like Jersey and in theory were trusts in the name of the family or individual and strictly the money could only be accessed under certain terms...but it was tax free.

Image rights get paid to companies so there are some tax advantages there and there are other legal ways of mitigating income tax if you get paid enough to make it worthwhile.

[ArmaghMan]

http://www.telegraph.co.uk/sport/football/2324683/...



Just for you!!

[Willy Nilly]

ArmaghMan said:

http://www.telegraph.co.uk/sport/football/2324683/...



Just for you!!

That's the same payslip template as the one I get

[ClintonB]

Black can man said:

Yaya toure has his own securicor van lorry , allegedly

EFA

[Hackney]

snowy said:

Hackney said:

A lucrative line in "image rights" paid to [footballer's name] ltd means they pay far less tax than their actual wages.

Who pays more tax than what they earn????, Footballers have a very short career and I think can draw a pension at the age of 35, don’t begrudge anyone who earns what they can during their working live, no matter how much

No-one, i'd imagine. However as i said, footballers can pay less tax on what they get for image rights than the tax they pay on their wages as its paid to their company.