How salary sacrifice schemes could boost your income
A financial expert examines the pros and cons of giving up a portion of your monthly earnings in return for a non-cash benefit. By Vicky Shaw.
Salary sacrifice schemes can be a handy way for employees to make their money go further, but many people may not know whether their firm offers one, or how it could benefit them.
Such schemes are an agreement between you and your employer to reduce your entitlement to cash pay.
While this doesn’t sound great, in return for this, you’ll tend to receive a non-cash benefit.
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