Salary Exchange

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Lower salaries to improve employee benefits as well as reduce National Insurance Contributions by both you and your employee.

What is Salary Exchange?

Salary Exchange (or Salary Sacrifice) involves your employees agreeing to take a lower salary in exchange for a benefit.

As salaries are reduced, National Insurance Contributions (NICs) payable by you and your employees are also lower.

The savings made can then offset other costs or be used to boost your employees’ pension benefits. For senior executives, we also offer Bonus Exchange which can be used in a similar fashion in order to save tax and NICs.

Your Partner in
Salary Exchange

There are a number of key considerations relating to salary exchange which we can support you with:

  • Contractual considerations
  • Taxation
  • State benefits
  • Impact on mortgage applications
  • Opt in / Opt out
  • Right to revert
  • Effective launch, roll out and the communication process

Complementary Services

Create your tomorrow today. Learn more about the wide range of services available from LEBC.

Create your tomorrow

The entire team have always proved very attentive, reliable and responsive to our requirements.

Corporate Client
Leeds