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3 Surprising Benefits Of A Salary Sacrifice Scheme

Employee Benefits

The headline employee benefit in signing up for a salary sacrifice scheme is the potential for tax and national insurance savings, if you have the option of sacrificing a portion of your salary in return for pension contributions, ultra-low-emission vehicles, cycle-to-work schemes or employer-supported childcare.

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Buyer’s guide to car salary sacrifice schemes

Employee Benefits

Car salary sacrifice arrangements remain a popular employee benefit; in its January 2023 Leasing Outlook , the British Vehicle Rental and Leasing Association (BVRLA) found a 20.5% year-on-year increase in company cars funded through salary sacrifice to quarter three in 2022. What are car salary sacrifice schemes?

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5 Reasons your workplace pension plan may be undermining your business (and why you should review it)

Employee Benefits

You’ve got a company pension scheme in place, so what would prompt you to change it? If your provider hasn’t informed you about salary sacrifice, the tax strategy that offers significant benefits, then you’re being short-changed. Find out more about Penfold’s salary sacrifice pension.

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Why Your Employees May Not Achieve a Comfortable Retirement

Employee Benefits

The required minimum contribution is set at 8%, typically comprising of a 3% contribution by the employer and a 5% contribution by the employee. Unfortunately, a considerable number of employees adopt a ‘set and forget’ approach once they’re enrolled in a pension scheme. So, why not ensure it delivers real value?

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New Year, New Car: Which Electric Vehicle Will You Choose?

Employee Benefits

A salary sacrifice car scheme now offers access to the best available EVs on the market, and if you sign up with Pink Salary Exchange , you can find affordable EV leasing deals from all the major motor manufacturers. 3 is a family hatchback that is currently leading the field. EV leasing deals for every budget.