Research
14 Apr 2016
Approved Profit Sharing Scheme (APSS)
The APSS has proved an attractive means of allowing employees to participate in the success of the company.
The scheme allows employers to offer tax effective incentives which are linked to an employee’s productivity.
Why implement an APSS?
The APSS has proved an attractive means of allowing employees to participate in the success of the company. The scheme allows employers to offer tax effective incentives which are linked to an employee’s productivity.
Advantages of an APSS
- There is no income tax payable by the employee.
- No employer PRSI is payable.
- A qualifying discretionary bonus can be applied as the employer contribution resulting in no additional costs for an employer.
For more information download a copy of the Approved Profit Sharing Scheme (APSS) guide.
