Salary sacrifice policy

If you want to implement a salary sacrifice scheme in your company, make sure you insert the relevant policy in your staff handbook.

Scheme particulars

Including a Salary Sacrifice Policy in your staff handbook is important both to convey the details of the scheme and to point out any drawbacks. For example, a sacrifice requires a permanent alteration to the employment contract and could have an effect on borrowing capacity for mortgages and credit cards as well as possibly interfering with benefits and work-related payments such as statutory maternity, adoption, paternity or sick pay.