Editor's message: Salary-sacrifice schemes - whereby employees give up some of their salary in return for non-cash benefits in kind - are popular among both employees and employers, not only because they result in monetary savings for both parties, but because they can also open up a wider range of benefits to employees. However, schemes are not without their drawbacks - there are potential pitfalls that employees should be aware of.
Jo Jacobs, HR practice editor
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Definition from the XpertHR glossary.
Practical guidance on setting up a salary-sacrifice scheme, including benefits in kind that are exempt from tax and national insurance; the use of a reference or notional salary; and the role of HMRC.
HR and legal information and guidance relating to salary-sacrifice arrangements.