Putting shares in trust for children

[Poonicorn]

Not sure if this should be in money or legal.

I own shares in a company that pays out substantial dividends each year. If i were to transfer the shares to a trust for the benefit of my DC would I still have to pay income tax on the dividends based on my own income (higher rate taxpayer) or would it be tax free and based on DCs' personal tax allowances?

Is there any other way I can transfer the shares to my DC so that the dividends doesn't count as my own income?

If you were to pay £10,000 a year from your salary into your pension that would reduce your taxable salary from £60k to £50K. That would put you in the lower bracket presumably.

Only for tax purposes, unfortunately it still counts as income for the purposes of the sponsorship award.

Salary sacrifice?
Is this your own company? Can you not take a dividend?

Salary sacrifice only works for tax, it doesn't reduce net income.

Not my own company. Restrictions on selling the shares and I have no control over dividend decisions.

Salary sacrifice - you give up salary (employer willing). The company pays the sacrificed salary into your pension and potentially also the NI savings. As this reduces your salary, it will also reduce your net salary.