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Sussex-based accountants, MHA Carpenter Box, has been appointed the official accountancy and tax partner for Premier Sports Network (PSN), which represents some of the country’s leading athletes.
The firm will be advising and supporting high performance athletes across all sports, offering specialist tax and planning advice, wealth protection and planning for life after sport through PSN’s Player Care network.
It added that specialists from MHA Carpenter Box will also be hosting a variety of educational initiatives, engaging directly with young professional athletes to offer guidance on tax efficiency, profitability and personal finances.
Sam Uwins, partner at MHA Carpenter Box, said: “We are delighted to partner with Premier Sport’s Network in the delivery of their Life Skills programme. Athletes, particularly those at the start of their career, have a lot to consider when thinking about their finances, whether it’s purchasing a home, planning for retirement, or considering other complex issues like international tax or image rights.
“Our dedicated sports team is looking forward to delivering a comprehensive educational service to set up hard-working athletes for a long and successful career.”
Spencer Hidge, founder of Premier Sports Network, said: “It’s not uncommon for sports professionals to lead lavish lifestyles while overlooking how quickly their income stream from professional competition will dry up.
“Having a trusted accountants can play a vital role in helping athletes plan for their financial future – it is important for us to work with MHA Carpenter Box so that professional athletes across the network can access the best financial support.”
