Salary Sacrifice: What's Changed?

Salary Sacrifice: What's Changed?

Chris McClellan, our very own chairman and CEO, explains why the upcoming changes will come as a major blow to SMEs.

2017 is likely to be a difficult year for SMEs. Brexit uncertainty remains a disruptive factor and the weaker pound combined with rising costs are bound to undermine plans to invest.

Facing this uncertainty, employers will be doing all they can to keep operations steady and employees happy, ensuring that it’s ‘business as usual’. Therefore, when Chancellor Philip Hammond announced late last year that the Government will be scrapping most salary sacrifice schemes, it came as a major blow to many businesses who regard such schemes as vital to attract and retain talent.

 

Please download our whitepaper for our full guide on managing the upcoming salary sacrifice changes for your business.