Salary sacrifice allows employees to agree to forego part of their salary in return for non-cash benefits such as childcare vouchers and pension contributions, which can enable tax and national insurance savings to be made. Salary sacrifice offers employees greater flexibility of choice as to how their remuneration package is shaped.
April saw increases in the potential compensation tribunals can award, including guidelines on 'injury to feelings' awards.
Businesses should offset increased employment costs from April by encouraging staff to maximise their pension contributions, a financial services consultancy has advised.
Over the past five years, these schemes have undergone significant evolution, particularly in areas like electric vehicles, and now solar panel installation.
EVs are now an established element among financial wellbeing benefits, writes Alison Argall of Tusker
Plans mooted by US president elect Donald Trump to impose huge tariffs on imported vehicles could have a direct impact on the UK fleet market.
From bus fares to the term ‘working people’ to national insurance rates, speculation around tomorrow’s Budget has reached fever pitch.
Plan to increase employers’ national insurance could lead to a salary sacrifice crackdown as chancellor aims to protect tax revenue.
Salary sacrifice schemes offer employees the chance to save between 30% and 60% on electric vehicles by paying for them through a pre-tax salary arrangement.
Former pensions minister suggests Treasury likely to raise billions through a national insurance charge on employer pension contributions.
Six out of 10 employees planning to get an electric vehicle say a key incentive is the benefits available through a salary sacrifice schemes.
How a salary sacrifice car scheme can provide an attractive benefit while also supporting an organisation's green credentials through EVs.
What should employes bear in mind when setting up an electric vehicle salary sacrifice scheme?
What costs are inherent in electric vehicle salary sacrifice schemes for employees and employers?
Electric vehicle salary sacrifice: what are the risks to consider when offering an EV scheme?
ScottishPower wanted an EV salary sacrifice scheme that would be in tune with their sustainability goals and values.
