What is Salary Sacrifice Scheme?
Our range of Salary Sacrifice schemes has been carefully selected to offer you and your employees maximum choice and savings. All of our salary sacrifice schemes are fully managed by us so that you don’t have to worry about working with multiple providers. We take care of everything for you and most schemes can be set up at no cost.
Help your people to enjoy better and more fulfilled lives out of the office using a sacrifice scheme
A salary sacrifice arrangement is an agreement between an employer and an employee to change the terms of the employment contract to reduce the employee’s entitlement to cash pay. This sacrifice of cash entitlement is made in return for a non cash benefit. At Verdura we can help your business identify opportunities for salary sacrifice that will enrich the lives of your people
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Scheme set up including compliance, risk and marketing
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Employee enrolment
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Administration tools for application approvals and payroll reports
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Eligibility and National Minimum Wage checks
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Benefit sourcing – using our large and growing network of suppliers
How does this benefit my people?
National Insurance doesn’t have to be paid on the amount sacrificed – giving you options :
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Increase your employees level of salary contribution with no impact on your take-home pay, increasing the size of your fund; or
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keep the same level of pension contribution whilst increasing your take-home pay. You as a business may also save on your National Insurance payments – these savings can be used to help the business grow or shared with your people to make their contributions even larger.
SCHEMES
Cars
Car Salary Sacrifice has quickly become an industry recognised and tax-efficient way of providing employees with a company car or car benefit. The scheme enhances your company’s green credentials by reducing your carbon footprint while generating significant savings
Personal Gadgets
Car Salary Sacrifice has quickly become an industry recognised and tax-efficient way of providing employees with a company car or car benefit. The scheme enhances your company’s green credentials by reducing your carbon footprint while generating significant savings
Bikes
Our Cycle to Work product is by far our most popular Salary Sacrifice benefit and is used by most of our clients. We are one of the UK’s largest providers and have built a comprehensive programme to provide employers with a compliant and easy to use system that takes care of everything from employee enrolment all the way through to payroll administration.