Salary Sacrifice

Salary sacrifices help your people access the products and services they need in exchange for part of their pre-tax annual pay.

Salary Sacrifice Schemes: Help Your People Access the Things They Need for Less

Each Person offers a range of salary sacrifices designed to help employees get the products and services they need whilst maximising their take-home pay by reducing taxable income. A salary sacrifice arrangement allows employees to exchange a portion of their gross salary for non-cash benefits, which are often tax-efficient. These schemes not only help employees save on tax and National Insurance contributions but also offer valuable perks that enhance their overall benefits package.

What Salary Sacrifice Schemes Does Each Person Offer?

Each Person’s impressive collection of salary sacrifices includes schemes for all aspects of life, such as:  

‍Cycle2Work: The Cycle2Work salary sacrifice allows employees to use pre-tax salary deductions to purchase a bicycle and cycling accessories, making eco-friendly commuting and healthy living more accessible. This benefit not only lowers taxable income but also saves on daily transport costs, encouraging a more active and sustainable lifestyle.

‍Childcare: Each Person’s Childcare salary sacrifice makes managing childcare expenses easier and more affordable by allowing employees to cover these costs using pre-tax income. This benefit reduces taxable income while alleviating a significant expense for working parents, making childcare services more financially manageable.

‍Electric Vehicle: Through the Electric Vehicle salary sacrifice, employees can acquire an electric vehicle by using pre-tax salary deductions. This program helps employees save on taxes, promotes eco-friendly commuting, and provides an affordable path to EV ownership, supporting both cost savings and sustainability goals.

‍‍Technology: The Technology salary sacrifice option enables employees to purchase essential tech devices, such as laptops and smartphones, using pre-tax income through Currys.com. This benefit makes technology more affordable, reduces taxable income, and enhances access to tools that can support productivity both at work and at home.  

‍Holidays: The Holiday salary sacrifice program allows employees to set aside pre-tax earnings specifically for vacation expenses, making travel and accommodation costs more affordable. This option reduces taxable income and helps employees enjoy stress-free, affordable getaways, supporting a balanced work-life experience.  
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‍Gym memberships: Each Person’s Gym Membership salary sacrifice gives employees the chance to pay for fitness memberships with pre-tax salary, encouraging regular exercise and wellness. This benefit not only reduces taxable income but also supports physical and mental health, promoting a healthier lifestyle.  

With more on the way every month. We listen to what HR what's to offer their people and find the best suppliers to do it.  

These benefits allow employees to obtain products or services that are typically more expensive while saving money through tax breaks. It also helps your people to make manageable payments on the items or services they require. Breaking down financial barriers for your people so they can access the things they want and need, builds a happy and loyal workforce.  

What Are the Benefits of Salary Sacrifices?

For businesses, offering salary sacrifice schemes through Each Person enhances their overall benefits package and helps attract and retain talent for years to come. Utilising these schemes is a cost-effective way to provide employees with meaningful, practical benefits that improve their lifestyle while also offering financial savings. Ultimately, salary sacrifice programmes create a win-win situation, where employees enjoy valuable perks and financial savings, and businesses benefit from higher employee satisfaction and loyalty.