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SUCCESSFUL SALARY SACRIFICE

Under a salary sacrifice the employee gives up an amount of salary in return for an employer provided benefit. Tax and NIC savings result from the benefit being exempt from, or incurring, a lower tax and NIC charge than the amount of salary given up.

Tax efficient salary sacrifice schemes can only cover pension contributions, ultra-low emission cars, cycle to work schemes and pre-existing childcare vouchers arrangements. For employers, pension contributions and low emission cars are likely to be the most attractive salary sacrifice benefits to offer to their workforce.

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FEATURING: Martin Brown
Martin is a chartered tax adviser who for the last 12 years has specialised in the tax aspects of long term reward and management share… read more
FEATURING: Scott Campbell
Scott provides advice on all aspects of employment and construction industry scheme taxes, as well as national minimum wage. He particularly enjoys navigating clients through… read more
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