salary sacrifice scheme

salary sacrifice scheme

Any “buy-in” that local or national governmental organisations officially endorse for employees wishing to buy a big ticket item—e.g., computer or low-emissions car—which are meant to make them more productive or further some aspect of public policy. 

Employer benefits, salary sacrifice scheme
• Reduced employer National Insurance Contributions;
• Increased employee IT skills and literacy;
• Enhanced employee motivation;
• An employee retention and loyalty tool;
• Fully-managed service at no additional charge;
• Validated by tax and legal experts.

Employee benefits, salary sacrifice scheme
• Access to the latest high-specification computers;
• Significant savings of 40% compared to market value;
• Affordable and convenient payments from salary;
• No credit checks;
• No deposit payable;
• Benefit from employer purchasing power;
• 3-Year Warranty included.
References in periodicals archive ?
A salary sacrifice scheme helps people save regularly and removes temptations to spend.
Renfrewshire Council is seeking to appoint a Service Provider for the Provision of a Childcare Voucher Salary Sacrifice Scheme (the Scheme) which will be made available to all eligible employees who meet the requirements of the Scheme.
As part of a salary sacrifice scheme, ultra-low emissions vehicles don't incur as much tax as the rest of the salary, and cost much less to run.
Vouchers are a tax-efficient way of paying for childcare and are usually supplied through a salary sacrifice scheme.
These include assuming that certain payments can be counted as remuneration for minimum wage purposes, having a salary sacrifice scheme that results in the worker sacrificing their pay below the minimum rate and not allocating payments to the correct reference period, to name but a few.
Hywel Dda Health Board in west Wales is one of several NHS bodies in the country offering a wide range of "home technology" goods to employees under a salary sacrifice scheme.
Under the DTI's scheme, employees can purchase a computer for home use through what they term a salary sacrifice scheme.
The services Voice Mobile provide range from tariff and bill analysis to a salary sacrifice scheme that saves employees and employers money.
Said Ms Sykes: "The benefit of childcare vouchers to employees is that they can be purchased through a salary sacrifice scheme.
HMRC is committed to support all staff through the childcare voucher scheme, which is a salary sacrifice scheme and is the fairest and most sustainable way for HMRC to provide childcare support to all staff, regardless of their location.
The university has introduced an innovative salary sacrifice scheme that allows all employees with more than six months service to surrender up to a fifth of their wages in return for a new car.