Salary Sacrifice - Employer Savings (Class 1 NIC)

Salary Sacrifice - Employer Savings (Class 1 NIC)

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ARF8885

Original Poster:

200 posts

32 months

Wednesday 26th June
quotequote all
As above. New to SS Schemes, but trying to extract as much cost benefit as possible.

Would I be right in saying the Class 1 NIC savings the Employer makes as a result of the salary sacrifice can be shared with my Employee either in part or the whole amount?

Our provider details these Employer saving out separately and on average my Employer looks to make a £100 a month saving.

If in agreement with Employer, can this be used to offset the net salary sacrifice further?

ARF8885

Original Poster:

200 posts

32 months

Wednesday 26th June
quotequote all
Thanks for that, really useful.

So best case, they offer up the savings but actually could end up costing them again.

Worst case, no savings offered up.

Middle ground, some of the savings perhaps?