Tax free benefits or salary sacrifice are commonly seen in voluntary benefits packages, including schemes such as childcare vouchers; bicycle loans and holiday allowance, which are all administered through our online portal salaryplus.

Salary sacrifice refers to your employees agreeing to give up the right to receive a portion of their salary, which is then used to provide a benefit, which is typically free of tax and National Insurance (NI) for them and as an employer you can also save up to 12.8% on NI.

Your employee’s salary is simply reduced via payroll by the agreed amount each month and the relevant benefit is provided to them as a result.

All of these salary sacrifice schemes meet the increasing demand for CSR initiatives and also promote a healthier work/life balance for your workforce.

If you are an employer seeking a solution for your employees, put our ideas to work by calling Ross Masters, Business Development Executive on 0845 2728713 or Contact Us.