Salary Packaging - Salary Sacrifice in The United Kingdom

Salary Sacrifice in The United Kingdom

In the United Kingdom, employee benefits commonly included in salary sacrifice arrangements are pension contributions, childcare vouchers, annual leave, etc. If correctly structured, the arrangement can benefit both parties as it saves them both NI contributions as well as save the employee income tax.

Salary sacrifice can be extended to any range of benefits and in 2008 is becoming increasingly popular in the public sector as well as for transport related benefits e.g. Cycles, Bus Travel and Low CO2 emission cars. Salary sacrifice is also commonly used to fund the introduction of Flexible Benefit Plans in the UK.

Read more about this topic:  Salary Packaging

Other articles related to "sacrifice, sacrifices":

Scythian Religion - Worship of "Ares"
... He describes the construction of the altar and the subsequent sacrifice as follows In each district of the several governments they have a temple of Ares set up in this way bundles of ... cattle and of horses and they have the following sacrifice in addition, beyond what they make to the other gods, that is to say, of all the enemies ...
Sacrifice Medal
... The Sacrifice Medal (French Médaille du sacrifice) is a decoration that was created in 2008 as a replacement for the Wound Stripe ...
Lima Culture - Material Culture - Sacrifice
... Sacrifice was very common in early Andean cultures, and the Lima culture is no exception ... Sacrifices would be made to pacify gods, or as part as religious and ceremonial rituals ...
Sacrifice - Hinduism
... The Sanskrit Yagya is often translated as "sacrifice" (also "offering, oblation", or more generically as "worship") ... In Vedic times, Yagya commonly included the sacrifice of milk, ghee, curd, grains, and the soma plant—animal offerings were less common ... Sacrifice in Hinduism can also refer to personal surrender through acts of inner and outer worship ...

Famous quotes containing the words kingdom, united, salary and/or sacrifice:

    And ye shall hear of wars and rumours of wars: see that ye be not troubled: for all these things must come to pass, but the end is not yet. For nation shall rise against nation, and kingdom against kingdom: and there shall be famines, and pestilences, and earthquakes, in divers places.
    Bible: New Testament Jesus, in Matthew, 24:6-7.

    We are apt to say that a foreign policy is successful only when the country, or at any rate the governing class, is united behind it. In reality, every line of policy is repudiated by a section, often by an influential section, of the country concerned. A foreign minister who waited until everyone agreed with him would have no foreign policy at all.
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    But compared with the task of selecting a piece of French pastry held by an impatient waiter a move in chess is like reaching for a salary check in its demand on the contemplative faculties.
    Robert Benchley (1889–1945)

    No sacrifice was too great to get the film right, to get it accurate, true, and perfect. We weren’t important in our minds; only the picture was.
    Lillian Gish (1896–1993)