Salary sacrifice: effect on employers and employees

In light of the new salary sacrifice rules which will be introduced this month, Vaneeta Khurana, head of employment tax at Mazars shares her thoughts on what the new draft Finance Bill will mean for employees and employers, and considers the pros and cons of salary packaging

For quite some time now, the government has been concerned with the way the provision of benefits has evolved. There is now a growing market for flexible benefits, and salary sacrifice arrangements have gained popularity with employers as they see the obvious benefits of using them as a tool for employee retention.

Your free features:

Breaking news and expert analysis
Customisable daily newsletters
Six free CPD learning modules each year
Personalised CPD tracker
Top 75 Firms league tables
Regulatory changes
Hardman’s Tax Data

Tax | Salary sacrifice cap and the middle income trap

Tax | Salary sacrifice curb will hit 3.3m employees

Tax | Nine ways to beat the Budget tax tsunami

Tax | Will chancellor cut £5.1bn pension salary sacrifice tax break?

Finance | Legal updates: directors’ loan repayments under scrutiny

Navigate

Tax Services

Your free features:

Sign up to Business & Accountancy Daily