Free calculator · UK 2026/27
LLP Profit Share Allocation
LLP profit allocation drives partner motivation, retention and succession. This tool models the four most common UK law firm methodologies and shows the per-partner figures immediately.
LLP Profit Share Allocation
LLP profit allocation drives partner motivation, retention and succession. This tool models the four most common UK law firm methodologies and shows the per-partner figures immediately.
Applies to fixed-share + equity method only
Applies to fixed-share + equity method only
Applies to points-based method only
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About the allocation methods
Equal split divides profit equally across all partners regardless of seniority. Simple to operate but offers no incentive gradient.
Two-tier gives senior partners 1.5x the points of junior partners, creating a predictable seniority premium without full lock-step complexity.
Points-based allows you to set a custom senior multiplier (e.g. 2x), reflecting steeper differentials common in specialist or high-revenue firms.
Fixed-share plus equity pays fixed-share partners a defined annual amount first, then distributes the remainder to equity partners on a points basis. This method is used where a firm wants to acknowledge contributions below full equity without granting profit-sharing rights.
Worked example: Meridian Law LLP has £800,000 of profit available for allocation. The firm uses a two-tier method with 3 senior equity partners (1.5 points each) and 2 junior equity partners (1 point each). Total points = (3 x 1.5) + (2 x 1) = 6.5. Value per point = £800,000 / 6.5 = £123,077. Each senior partner receives £123,077 x 1.5 = £184,615 (23.1% of total profit). Each junior partner receives £123,077 x 1.0 = £123,077 (15.4% of total profit). The three senior partners together take £553,846 and the two junior partners take £246,154, exhausting the full £800,000.
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These calculators give directional figures based on published rates. Your actual position depends on firm structure, basis period adjustments, existing capital contributions, and your specific revenue profile. Our team models the full picture as part of the advisory work.
- SRA Accounts Rules 2019Client account, five-weekly reconciliations under Rule 8.3, and the Rule 12 accountant's report
- Partnership, LLP and incorporatedProfit shares, the salaried member rules and the tax that follows each structure
- One team, start to finishThe same accountants throughout, not passed around
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Frequently asked questions
- Do fixed-share partners need to check the FA 2014 rules?
- Yes. Fixed-share LLP members whose pay is mostly fixed may trigger the Salaried Member Rules (Finance Act 2014). If all three conditions (A: >80% fixed reward, B: limited influence, C: capital < 25% of fixed reward) are met, the LLP must operate PAYE. Use the FA 2014 Salaried Member Test calculator to check each member's position.
- Can I include capital interest in this calculator?
- Not currently. Capital interest (typically 2-5% of capital account balance per year) is a prior deduction before profit allocation in most LLP agreements and should be added to each partner's allocation separately. The calculator shows the profit-sharing step only.