Salary sacrifice can save you £000s
We project manage these tax efficient salary sacrifice solutions for you.
There are a number of benefits that can be subject to salary sacrifice arrangements and if done correctly will save both employer and employee money as well as having Inland Revenue approval.
The good news is that benefit salary sacrifice can be used for:
- Pension Salary Sacrifice
- Childcare Voucher Salary sacrifice - sign up before April 2011 to benefit from an additional 4 years of tax relief
- Cycle to work schemes
- Training salary sacrifice
Use employment tax experts to help you and your employees save £000s with a salary sacrifice scheme. Call us for further advice on 0800 917 9176.
Let's take an example: pension salary sacrifice. Many employers are increasingly looking at ways to cut pension costs, especially when pension liabilities are growing. Switching to a salary sacrifice pension can deliver significant NIC savings for both employee and employer. These savings can be reinvested in the pension scheme, used to fund the implementation of the scheme or simply split between employer and employee. However, there are a number of considerations when looking to implement salary sacrifice schemes and at EICG we have the necessary expertise to address these and guide you through all stages to ensure the scheme achieves its aims.
"EICG has provided services to Emerald for the last 6 years covering a number of areas such as contracts, benefits and the handling of the Inland Revenue as well as training and ad hoc consultancy advice. This has greatly assisted Emerald in keeping up to date with ever changing legislation as well as educating members of staff and setting up robust, documented procedures - they have proved to be good value for our company. In all our dealings, Brenda Hague of EICG, in particular has provided a professional, friendly and proactive service and I would not hesitate to recommend her."
Malcolm Hardy
Finance Director
Emerald Group Publishing