Search results with tag "Salary sacrifice"
A guide for employers Salary sacrifice and pensions - Aviva
library.aviva.comThe employee chooses to sacrifice all of the bonus payment in exchange for a £10,000 employer pension payment. This is a successful sacrifice as the employee has given up their contractual right to the bonus before it is treated as received. You notify the employee by letter of a £10,000 bonus payment due in October’s payroll (01/10/2020).
Driving for Work - RoSPA
www.rospa.comIf considering a ‘cash for cars’, salary sacrifice or similar scheme, be sure that the advantages of the company not owning or leasing cars outweigh the greater difficulty of managing staff’s own vehicles. Remember that adopting such a scheme does not absolve employers from their health and safety obligations when these
Salary sacrifice explained - Clerical Medical
reference.clericalmedical.co.uk• The sacrifice must be irrevocable, ie generally it mustn’t be possible for the employee to return to the original higher cash salary. It is possible however to have a variation clause that means changes can be