Vivup Home and Electronics staff benefit

Overview

A salary sacrifice arrangement is an agreement to reduce an employee's entitlement to cash pay, usually in return for a non-cash benefit. The 'sacrifice' is achieved by varying an employee’s terms and conditions of employment relating to pay. Salary sacrifice is a matter of employment law, not tax law. Where an employee agrees to a salary sacrifice in return for a non-cash benefit, they give up their contractual right to future cash remuneration. 

Under a salary sacrifice scheme, the council allows you to purchase household or electrical items under a salary sacrifice arrangement. This means that your monthly gross salary will be reduced, resulting in an initial saving on tax however your tax code may be adjusted the following tax year following your P11D submission, National Insurance and pension contributions.