Taking a cut

North, Kim
June 2009
Money Marketing;6/25/2009, p55
The article discusses the significance of salary sacrifice scheme. It is inferred that the strategy is used when an employee's terms and conditions as related to renumeration are varied in return for a non-cash benefit. Data related to the topic include pension contributions payed by the employers and sufficient information for the employees about the programme. Overall, successful communication of the benefits of opting for salary sacrifice results in a high take-up rate from employees.


Related Articles

  • Spotlight on exec pay challenges compensation professionals. Gunsauley, Craig // Employee Benefit News;6/15/2003, Vol. 17 Issue 8, p18 

    Reports on the compensation and benefit professionals meeting in San Diego, California for the annual World at Work conference in May 2003. Information on total compensation programs; Speakers at the event; Highlights of the meeting.

  • The Benefits of a Deferred Compensation Plan. Wallach, Lance // National Public Accountant;Jul2003, p31 

    Deals with the benefits of a deferred compensation plan for executives, employees and employers. Wealth accumulation; Family protection; Retirement benefits.

  • Compensation-- A Simple Concept Made Complex. Baldwin, Janice C. // Benefits Quarterly;1992 Third Quarter, Vol. 8 Issue 3, p23 

    Despite the intent of the U.S. Congress to provide a uniform definition of compensation through the 1991 Section 414(s) regulations, the Internal Revenue Code's qualified plan provisions contain at least five compensation definitions. The author of this article describes the different...

  • Road to Riches.  // Benefits Quarterly;2004 Fourth Quarter, Vol. 20 Issue 4, p75 

    This section presents the summary of the article on the compensation specialist occupation entitled Road to Riches, by Kathryn Tyler, published in the June 2004 issue of HR Magazine.

  • Leaf blower bans cost money.  // Noise & Vibration Worldwide;Dec2007, Vol. 38 Issue 11, p20 

    The article reports that another city in the U.S. is about to vote on a completely banning leaf blowers. The author implies that it is Cambridge, Massachusetts. According to the spokesman from the city's Public Works Department, if there is a total ban, people have potential workers compensation...

  • News in brief.  // Employee Benefits;Oct2004, p8 

    Reports on developments related to employee benefits in Great Britain as of October 2004. Increase of normal pension age; Wellbeing center for employees; Corporate social responsibility.

  • NO MONEY TO BURN. Taylor, Vicki // Employee Benefits;Oct2006, p65 

    The article provides information about salary sacrifice on pension contributions. It is another kind of benefit that has arisen through employers realizing there were tax savings to be made, rather that government pushing the agenda. After examination, it appears that salary sacrificed pensions...

  • RETIRING OVER PERKS? Robertson, Jamin // Employee Benefits;Oct2006, p69 

    The article focuses on the advantages and disadvantages of sacrificed-salary pension contributions. The author points out that moving a pension scheme to a salary sacrifice arrangement may deliver National Insurance and tax savings but can adversely affect state benefits for staff involved....

  • In brief.  // Employee Benefits;Oct2004, p16 

    Reports on developments related to fringe benefits in Great Britain as of October 2004. Stable retirement plan; Advertisements mentioning pension.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics