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  • Tax - Salary sacrifice policy
    Salary sacrifice policyIf you want to implement a salary sacrifice scheme in your company, make sure you insert the relevant policy in your staff handbook. Scheme particularsIncluding a Salary Sacrifice Policy in your staff handbook is important both to convey the details of the scheme and to point out any drawbacks. For example, a sacrifice requires a permanent alteration to the employment contract and could have an effect on borrowing capacity for mortgages and credit cards as well as possibly interfering...
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  • Tax - Salary sacrifice letter to employee
    Salary sacrifice letter to employeeWhere you enter into a salary sacrifice arrangement with an employee it will only be effective for tax and NI purposes where you have notified them of the consequences. Benefit in kind instead of salarySince 6 April 2017 most salary sacrifice arrangements cease to offer tax or NI savings. However, some benefits can still be used to save tax and NI. They are:payments into pension schemesemployer-provided pensions advicechildcare vouchers, workplace nurseries and directly contracted...
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