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Tax | Off Piste Wealth

Financial Fitness

How different forms of income are taxed for professional athletes in the UK.

Professional athletes in the UK generate income from various sources, which may all be taxed in different ways. Income might come from: Winning Income Sponsorship Income Image rights Endorsements Signing bonuses Career income Taxation of income for athletes It is essential to understand the taxation of income for athletes and payment methods associated with these income streams to effectively manage…
David Gregory
July 5, 2023
Financial Fitness

How Professional Athletes Can Utilise Venture Capital Trusts

Professional athletes face unique financial challenges not just to do with the sport they play. This may include managing significant income, planning for an early retirement and sustaining the lifestyle they’ve become accustomed to. One effective strategy for these athletes to build a sustainable income stream, is to consider is utilising Venture Capital Trusts (VCT's). VCTs provide a tax-efficient investment…
David Gregory
June 13, 2023
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