Tronc Calculator
How much could you save with a Tips and Troncs tronc scheme
How much unecessary NIC are you paying?
Most hospitality businesses are paying more National Insurance on tips than they need to.
A lot more.
In fact, when tips go through a compliant tronc scheme, they are exempt from both Employers’ and Employees’ National Insurance Contributions.
So in a challenging hospitality environment, there is a legitimate way to save ££££s on tax and give your employees more of the tips they have worked so hard for.
Our tronc calculator shows you the real numbers. Put in your tip distribution details and see exactly how much a tronc scheme could save your business each year – and how much more your staff could take home.
What could your business do with the extra money?
Savings with Tronc Scheme
Employer Savings
£1,350.00
Monthly (15% NIC)
£16,200.00
Annually
Employee Savings
£720.00
Monthly (8% NIC)
£8,640.00
Annually
Getting started with a tronc scheme
If you are new to troncs and want to get started saving money. Money that could be better spent on investing in your business and not the taxman’s pockets, then don’t delay.
You can set up a tronc scheme yourself or use the expertise of a third-party Troncmaster such as ‘Tips and Troncs’. We will help you –
- Create the allocation rules based on the operational structure of your business
- Engage with staff
- Create the tronc constitution documentation
- Set up the rules
- Calculate the distribution of tips per employee per pay period
- Send the information to your payroll team (or we can even manage your payroll, too, if required)