What is salary sacrifice?

Modified on Thu, 29 Jun 2023 at 12:57 PM

Salary sacrifice is when you give up the right to part of your pay in return for a non-cash benefit e.g. childcare vouchers. 


The contract to receive tax and NI free childcare vouchers usually lasts for at least a year. Once the contract has expired or you withdraw from the scheme, you will revert to your original salary.

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