Player wages - how much do they really earn???

[Parm]

I understood it to be a monthly payslip (why would LFC pay people weekly!?) and after tax he was taking home around 30k? i wouldn;t say that's a lot in this day and age for a regular at a top club playing in europe.

I just think a lot of us thought it was weekly is that the press always seem to report that so and so has signed a contract worth xk p/w,
he's on somewhere between 1.5-2mill a year, maybe it is a bit low but he is just a lb. I'm sure if he was a top striker.winger he'd be on a lot more.

[Le Chef]

Riise gets about 38k a week. Now this is a lot, but what I thougth and what I would expect for a player of his reputation (not current form).


And no, footballers can't avoid paying tax by setting up companies etc. Not for their salary amyway, unless they have Non Dom status. Income from appearances etc would go to JAR Ltd and have massive tax benefits, but not normal wages.

Not quite true - Most footballers with decent advisors would set up a company that would receive their "wages" each month to negate the amount of tax paid. For example in the case of SG, he may be an "employee" in every sense of the word of LFC, however in terms of his company he would be more likely to issue an invoice for "services" to LFC, adidas, etc etc. In return he would be paid a salary via SG Ltd for example which would be a lot less then he contracted salary via LFC. in order to reduce his taxable payments he would receive dividends at a lower rate of tax.

These methods of payments are not new but are used mainly when you subcontract work for a given period of time. For the vast majority of us this kind of arrangement, whilst possible is very rarely used.

In the case of JAR, i thought the bankruptcy order was annulled ?

Still I wouldn"t mind taking home £XXXXXXX.XX a month !!!!

[Parm]

Not quite true - Most footballers with decent advisors would set up a company that would receive their "wages" each month to negate the amount of tax paid. For example in the case of SG, he may be an "employee" in every sense of the word of LFC, however in terms of his company he would be more likely to issue an invoice for "services" to LFC, adidas, etc etc. In return he would be paid a salary via SG Ltd for example which would be a lot less then he contracted salary via LFC. in order to reduce his taxable payments he would receive dividends at a lower rate of tax.

These methods of payments are not new but are used mainly when you subcontract work for a given period of time. For the vast majority of us this kind of arrangement, whilst possible is very rarely used.

In the case of JAR, i thought the bankruptcy order was annulled ?

Still I wouldn"t mind taking home £XXXXXXX.XX a month !!!!

but as stated earlier, it is Riise we're talking about here.

[Hass]

but as stated earlier, it is Riise we're talking about here.

read on the Guardian unlimited site that Riise's bankruptcy order was annulled:

http://football.guardian.co.uk/News_Story/0,,2202947,00.html

[redlancer]

Not quite true - Most footballers with decent advisors would set up a company that would receive their "wages" each month to negate the amount of tax paid. For example in the case of SG, he may be an "employee" in every sense of the word of LFC, however in terms of his company he would be more likely to issue an invoice for "services" to LFC, adidas, etc etc. In return he would be paid a salary via SG Ltd for example which would be a lot less then he contracted salary via LFC. in order to reduce his taxable payments he would receive dividends at a lower rate of tax.

These methods of payments are not new but are used mainly when you subcontract work for a given period of time. For the vast majority of us this kind of arrangement, whilst possible is very rarely used.

In the case of JAR, i thought the bankruptcy order was annulled ?

Still I wouldn"t mind taking home £XXXXXXX.XX a month !!!!

sure they don't fall into the PAYE as we do. They are on contracts more than 6 months

if they could do so could the rest of us?

[Le Chef]

sure they don't fall into the PAYE as we do. They are on contracts more than 6 months

if they could do so could the rest of us?

Anyone can do it even any normal working person can do it, however it would depend on your employer and would they be willing to be part of such a scheme. The Inland Revenue take a dim view, whilst not illegal these schemes are frowned upon hence the reason why most employers steer clear. In addition, however, you would have to go through the completing a year end tax return etc, etc.
Most contractors say earn £50k a year, which is paid in 123 Ltd, They then take a salary of say £15k at the lower taxation rates then pay themselves a dividend at around 20% tax (No NI), hence.If hey took a salary as most people they would pay tax at the normal rate to about £38k then 40% thereafter.

[Joe King]

Footballers should do more work for the community. Its the community that pays that money so why not help out in hospitals and schools when they aren't training or in the summer holidays?