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What is a salary sacrifice scheme in the UK? from smyassociates.com
Salary sacrifice arrangements You do have to report your employees' medical or dental treatment or insurance if they are a part of a salary sacrifice arrangement Save on income tax and national insurance contributions; The tax employees pay is based on how much they earn per month.
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Salary Sacrifice Agreement Template Edit Online & Download Example . Other salary sacrifice schemes include health insurance, dental insurance, life insurance, personal learning, and pre-paid retailer cards Salary sacrifice schemes also provide options to lease electric vehicles as company cars, buy bicycles through cycle-to-work schemes, or use workplace nurseries, all in tax-efficient ways.
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