Salary sacrifice: Difference between revisions
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An agreement between an employer and an employee whereby the employee forgoes part of his or her salary (or bonus) in return for a corresponding, or enhanced contribution by the employer to a pension scheme. | An agreement between an employer and an employee whereby the employee forgoes part of his or her salary (or bonus) in return for a corresponding, or enhanced contribution by the employer to a pension scheme. | ||
Such arrangements often benefit from tax advantages to the employer and/or the employee, although the cost to the employer can be high. | Such arrangements often benefit from tax advantages to the employer and/or the employee, although the cost to the employer can be high. | ||
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== See also == | == See also == | ||
* [[Contributions]] | * [[Contributions]] | ||
[[Category:The_business_context]] | |||
Latest revision as of 08:59, 2 July 2022
Pensions.
An agreement between an employer and an employee whereby the employee forgoes part of his or her salary (or bonus) in return for a corresponding, or enhanced contribution by the employer to a pension scheme.
Such arrangements often benefit from tax advantages to the employer and/or the employee, although the cost to the employer can be high.
