Fair Care is an experienced operator of salary sacrifice schemes, working within existing legislation to deliver a wide range of tax-effective solutions. With an enviable reputation for high level customer service and seamless implementation, Fair Care currently manages schemes on behalf of over 1,000 clients.
What is Salary Sacrifice?
The idea behind salary sacrifice is quite simple. An employee agrees to give up part of their salary and, in return, the employer gives a non-cash benefit. The chosen benefit could be childcare vouchers, increased pension contributions or a bicycle for cycling to work, to name a few.
Depending on the tax status of the non-cash benefit, employees may save National Insurance, Income tax or both. Savings for employers are possible too.