Employee salary sacrifice schemes such as gym memberships, phones and insurance will no longer be tax-free, the chancellor Philip Hammond has said in the Autumn Statement
Salary sacrifice schemes discussed in Autumn Statement
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Gordon Calder-Jones: Using salary sacrifice to fund company cars
Company cars were once the sole preserve of senior management and sales executives. The way in which they were funded made them a direct cost to the business. However, a growing number of organisations are using the salary sacrifice model (an established and well-received principle in, for example, the pensions market), to offer more inclusive…
Salary sacrifice schemes can help employees avoid new child benefit charge
Employers can help their staff avoid thousands in tax charges from the new High Income Child Benefit Charge through salary sacrifice schemes, says Susan Ball, director of the Employer Advisory Group at national audit, tax and advisory firm Crowe Clark Whitehill. The new charge comes into force on 7 January 2013 as part of…