Quote: jimmyfivebellies "it involves both the players AND the clubs!!!the clubs agree to transfer part of their salary in to an offshore a/c(regarded as a retirement fund)to lower tax paid.the only amount which is on the cap,is the money they are taxable for!hence the apparent reason shaun berrigan wants out and back to oz.before all this came to light,berro had sorted it out HIMSELF to come off the quota,but upon realising he is going to be quite a bit ''down'' on his money,is wanting to run!!'"
That's not true.
The cap amount is the full salary.
If a player is on £100K and say £40K is paid a working salary and £60K as pension (offshore) payments then the full £100K would be registered as the players cap value but he would only pay full tax (and I presume NHI contributions) on the £40K, he would pay much less tax on the £60K portion.
That's my understanding but it's probably far more complicated.