salary-sacrifice-letter

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Do you have any Question?

A salary sacrifice is an agreement between you and your employer to exchange part of your gross salary for a non-cash benefit, such as enhanced pension contributions, a company car, or a cycle-to-work benefit. It can provide tax and National Insurance savings for both you and your employer.

It can, depending on the benefit and your personal circumstances. Because your contractual pay is reduced, salary-related entitlements such as pension contributions, overtime, bonuses, or statutory payments (e.g., sick pay or maternity pay) may be affected. You should seek advice or check the scheme details before signing.

Keyword :

Employment Agreement Contract of Employment

Area Of Law :

Employment/Labour Law

Sector :

Private Law

Category :

Private Law

Region :

Europe