Tuesday, 31 January 2017

Salary sacrifice schemes will be restricted


The Government have announced that some salary sacrifice schemes will be abolished from 6 April 2017.

The schemes that will be abolished relate to private medical insurance, health screening, gym membership, company cars, mobile phones and white goods.

Schemes related to pension savings, childcare, cycle to work and ultra-low emission cars will not be affected.

Schemes in place prior to April 2017 will be protected until April 2018, schemes relating to cars, accommodation and school fees will be protected until April 2021.
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