March 5th, 2013

My children are costing me a fortune in pocket money. Can I pay them through my business?

Paying your children through your business would allow you to get tax relief on the payment you make to them – saving you money.  Children are subject to income tax, just like everyone else, but they do have a personal allowance of £8,105 before any tax is payable.  There are a few things to consider though:-

Share this post

Filed under

Tax Info


John manages a wide portfolio of owner managed businesses and oversees the smooth operation of the firm’s payroll department.

After obtaining his degree in mathematics from the University of Liverpool, John joined Jonathan Ford & Co in 2004 and qualified as a chartered accountant four years later. John likes to keep abreast of developments in tax and accounting and is responsible for the mentoring of junior staff.

Outside of work, John enjoys keeping fit and is a Liverpool FC season ticket holder.

Give a Goat

Give us a referral and we will donate a goat to a family in Africa

Find out more

Our Newsletter

Enter your email address to subscribe to our mailing list.

  • This field is for validation purposes and should be left unchanged.