Salary sacrifice: Difference between revisions
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imported>Administrator (CSV import) |
imported>Doug Williamson m (Spacing 20/813) |
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''Pensions''. | ''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. | 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. | ||
== See also == | == See also == | ||
* [[Contributions]] | * [[Contributions]] | ||
Revision as of 13:21, 20 August 2013
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.
