About Salary Sacrifice
Salary Sacrifice or salary exchange takes place when an employee gives up the right to a part of thier cash remuneration (salary). The Salary Sacrifice is made in return for the employer agreeing to provide the employee with some form of non-cash benefits. The 'sacrifice' is acheived by varying the employee's terms and conditions of employement relating to pay. For further details read our full Salary Sacrifice Guide.
Certain non-cash benefits can be provided to employees without attracting Tax or National Insurance charges.
These benefits can include:-
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The above benefits can also be provided without incurring any Employers National Insurance Contributions.