Important changes to Salary Sacrifice

The government have announced in the autumn statement that from April 2017 the salary sacrifice scheme will be finishing.

 

What you need to know:

  • Arrangements in place before April 2017 will be protected until April 2018.
  • We will not be able to offer the salary sacrifice scheme to anybody wanting to join/re-join after 16th March 2017.
  • Our final day to accept renewals/new requests will be the 16th March 2017.
  • Unfortunately we cannot shorten or extend the term of the scheme as outlined by HMRC.
  • We currently do not offer any alternatives to the salary sacrifice scheme.

 

For more information on the salary sacrifice scheme please refer to the following link https://www.gov.uk/government/topical-events/autumn-statement-2016