Hi all
Interesting read I must admit I'm not that up to speed on salary sacrifice arrangements but noticed this recent consultation on it which closes on the 19th October.
The purpose of the consultation is:
To explore potential impacts on employers and employees should the government decide to change the way the benefits code applies when a BiK is provided in conjunction with a salary sacrifice or flexible benefit scheme
Which could mean:
Limiting the range of benefits in kind (BiKs) that attract income tax and National Insurance contributions (NICs) advantages when they are provided as part of salary sacrifice and flexible benefit arrangements.
However:
Employer pension contributions, employer-provided pension advice,employer-supported childcare and provision of workplace nurseries and cycles and cyclist’s safety equipment provided under the cycle to work scheme will remain unaffected by this measure
Will this impact your organisation?
All the best
Sarah
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