James Hay Partnership's Neil MacGillivray explains how a client can get more for less.
The challenge of satisfying employee remuneration demands, particularly during these tough economic times, has never been more of an issue. With business owners looking to minimise costs and simultaneously employees grappling with high inflation and low, or non-existent, pay increases, there has never been a better time for advisers to revisit the benefits of salary sacrifice. There are few arrangements available which benefit both employer and employee at no additional cost, and more importantly are not contentious with HMRC. The principle behind salary sacrifice is quite simple: an in...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes