Documents related to 'Salary sacrifice policy'
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Salary sacrifice letter to employeeWhere you enter into a salary sacrifice arrangement with an employee it will only be effective for tax and NI purposes where you have notified them of the consequences. Benefit in kind instead of salarySince 6 April... Read more
07 Apr 2009
Advance of salary letterPaying an employee a salary advance is something you probably discourage. However, you may need to do this from time to time, particularly with new starters. What documentation will you need to ensure your business can automat... Read more
02 Jan 2013
Payrolling benefits in kind letter to employeeHMRC usually collects tax on benefits by adjusting an employee's code number so that extra tax is collected, through the PAYE system, each time they are paid salary. Payrolling achieves the same result but... Read more
21 Oct 2016
Company director's loan agreementYour company has agreed to make a loan to one of the directors. Use our model loan agreement to get the terms agreed in writing.Helping handLoans to directors are permitted, as long as the shareholders are given basic ... Read more
24 Oct 2018
Letter to employees regarding trivial benefitsThe trivial benefits exemption allows employers to make modest gifts to employees and directors tax and NI free. You should notify those to whom you make such gifts of their tax and NI-free status.Tax-fre... Read more
13 Jan 2021
Director's service agreementAny director who is also an employee of the company should always be given a service contract. As well as ensuring there are no arguments over their status it should also minimise the possibility of any other misunderstandi... Read more
27 Dec 2023
Settlement agreementWhen you want to prevent an employee from issuing proceedings in relation to the infringement of their statutory employment rights on termination of their employment, consider going down the settlement agreement route. This is an ... Read more
08 Mar 2024
Letter to HMRC regarding pool car statusIf you make a "pool car" available to one or more employees, subject to conditions, it does not count as a taxable benefit in kind. If you are at all unsure whether the tricky conditions are met you can write to ... Read more
27 Apr 2018
