Salary Sacrifice
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.
‘Perverse’ minimum wage enforcement replaced by ‘proportionate’ approach
The government has abandoned its previously “pedantic” regime.
HMRC shown red card as football club wins minimum wage case
An employment appeal tribunal has found that Middlesbrough FC did not breach minimum wage legislation after deducting the costs of...
Minister may act over retailers’ minimum wage woes
The business secretary is considering reforming national minimum wage rules to ensure employers are not penalised by the “complex” system,...
Employer childcare voucher schemes get six-month reprieve
Plans to scrap employer childcare voucher schemes have been delayed by six months after the Democratic Unionist Party intervened.
Last...
How Tax-free Childcare works and its impact on employers
Tax-free Childcare is the latest initiative from Government to support working parents, but it could see some worse off than...
April 2017: nine key employment law changes
Are you up to date with all this month's employment law changes? We round the nine most important legislative...
Changes to salary sacrifice: how to reduce disruption and maximise retention
Changes to salary-sacrifice schemes announced in November’s Autumn Statement are likely to prove unpopular with employees. James Monks from RAM...
How will the new salary-sacrifice rules impact employers?
From 6 April, employers will need to make a number of changes to their salary-sacrifice schemes. Lynda Finan and Nick...
Employment law changes 2017: eight priorities for HR
Significant employment law changes are anticipated for 2017, amid the ongoing uncertainty resulting from the Brexit referendum.
Large compliance projects...
Compulsory national ‘living wage’ to be introduced in April 2016
A new minimum wage of £7.20 per hour will be introduced next April for all working people aged 25 and...
Employers favour flexibility in benefits packages
Research by XpertHR found that the most popular way of flexing the benefits package is to offer benefits on a salary-sacrifice basis.
Benefits Overhaul 2012: Part 9 – The appeal of modern benefits
Retail vouchers, experience days, cycle-to-work schemes, iPads, free gym membership. The benefits market has devised numerous new perks in recent...
Salary sacrifice VAT changes: four things employers need to know
On 1 January 2012, new rules on the VAT treatment of certain benefits provided under salary-sacrifice schemes will come into...
Childcare vouchers: an introduction for employers
The number of working parents in the UK is on the rise. Figures from the Office for National Statistics show that...
