With rising National Insurance costs, businesses are seeking ways to save money while supporting their workforce. Salary Sacrifice is a cost-efficient strategy that reduces business payroll costs, benefiting both employers and employees.
We’ve partnered with leading tax specialists, RSM, to bring you an event that will guide you through the benefits and implementation of salary sacrifice, including:
- How salary sacrifice works and its financial advantages
- Reducing salary and pension costs to offset rising National Insurance contributions
- Eligibility, implementation, and addressing common misconceptions
- Effectively communicating changes to employees
- Additional cost-saving opportunities, including electric car schemes, cycle-to-work schemes, childcare vouchers, and holiday buy-back options
Our speaker, Richard Travis-Nash, Employer Tax Associate Director at RSM, has helped businesses of all sizes and sectors successfully implement salary sacrifice schemes. Richard has been part of RSM’s Employer Solutions team since September 2023, leading on employment taxes across the North, following two decades spent across the “Big 4” in the UK and US. He advises employers of all sectors and sizes across a range of tax and people issues, including risk and governance, employment status (e.g. IR35), employee benefits tax reporting, transaction due diligence, and cost reduction through tax and NIC efficient remuneration planning. Richard has for many years supported employers with the implementation of salary sacrifice arrangements and has a wealth of experience in dealing with employee communications, payroll and pension providers, and HMRC.
