【知らない人多すぎ、、】一番得する家族への役員報酬額は●万円！税理士が金額別にシミュレーションしながら解説します

Summary

This video discusses strategies for maximizing take-home income through family member executive compensation and retirement benefits. The host explains how assigning family members executive roles can reduce taxes, provide financial security, and enhance pension benefits. Key points include tax-saving opportunities via income splitting, retirement compensation calculations, and the importance of creating clear documentation for family members' roles. The video also covers the practical aspects of setting appropriate executive compensation, following regulations, and the risks of misclassifying family members in such roles. The content offers valuable insights for business owners seeking financial optimization and asset protection.

Takeaways

• 😀 Family members appointed as executives can help reduce the household's overall tax burden by distributing income.
• 😀 Offering executive compensation to family members not only provides tax benefits but also helps with risk management and asset protection.
• 😀 Executive compensation is an effective strategy for reducing inheritance and estate tax liabilities by transferring wealth to family members in a tax-efficient manner.
• 😀 Paying executive compensation allows family members, such as a housewife, to participate in social insurance programs, increasing their pension benefits for retirement.
• 😀 If a company faces bankruptcy, appointing family members as executives helps protect the family's personal assets from being seized.
• 😀 Distributing income across family members reduces the overall tax rate due to Japan's progressive tax system, leading to a lower total tax burden.
• 😀 By adjusting executive compensation, family members can receive substantial tax savings—potentially saving up to 100 million yen in tax and social insurance payments.
• 😀 Retirement benefits (such as pension contributions) can be significantly enhanced by paying executive compensation, offering a tax-advantaged way to increase future income.
• 😀 The system of executive retirement benefits is favorable for tax purposes, as it offers both a retirement allowance and special tax deductions like the 1/2 taxation rule.
• 😀 There are rules governing the payment of executive compensation, including annual adjustments within the first three months of a fiscal year and the requirement for pre-approved bonus payments.

Q & A

What is the primary advantage of paying director's compensation to family members?

The primary advantage of paying director's compensation to family members is tax reduction through income splitting. This strategy reduces the overall tax burden of the family unit, increasing the amount of money left after taxes.

How does the payment of director's compensation to family members help with estate and inheritance taxes?

By paying director's compensation to family members, the money is transferred into their names, reducing the amount of personal wealth held by the company owner. This helps avoid high inheritance and gift tax rates, as wealth is distributed in smaller amounts over time.

How does this strategy benefit pension planning for family members?

Paying director's compensation to a family member, such as a spouse, helps them join the social insurance system, which in turn boosts their future pension benefits by increasing their contribution to the national pension system.

What role does the family’s involvement in the company play in risk management?

In the case of a company’s bankruptcy, the personal assets of family members are generally protected from seizure. Paying family members director's compensation helps secure their financial well-being, even if the company faces risks.

What are the tax advantages of having family members as directors when it comes to income tax?

Income splitting through director's compensation allows family members to receive income at a lower tax rate. The progressive tax system in Japan imposes higher rates on larger incomes, so splitting income between family members can reduce the overall tax burden.

Can you give an example of how director's compensation can lower the total tax burden?

For example, if a company owner receives a salary of 7.2 million yen and divides it with their spouse, their combined take-home pay could increase by about 350,000 yen compared to if the entire amount were paid to the owner alone. This happens because taxes are lower when the income is split.

How does the tax burden change when a family member is made a director and given a larger compensation?

The tax burden decreases when a family member, like a spouse, is made a full-time director and receives a larger share of the compensation. This could save up to 1 million yen in taxes compared to if the entire compensation were paid to the company owner.

What is the formula for calculating retirement benefits for directors?

Retirement benefits for directors are usually calculated using the final salary method, where the amount is determined by the final compensation multiplied by the number of years served as a director, along with a multiplier based on company policy.

How does director compensation affect retirement benefit taxation?

Director retirement benefits are tax-advantaged in Japan. They are subject to a retirement income tax deduction and are taxed at half the normal income tax rate, which can significantly reduce the tax burden on the retirement payout.

What are the risks of paying excessive compensation to family members who do not have actual duties?

If family members are paid excessive compensation without fulfilling a legitimate role, it can lead to the compensation being disqualified by tax authorities. It's important to document and justify the family member’s role in the company to avoid tax issues.