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Salary Sacrifice Secrets: Boosting Your Benefits #40
Manage episode 448883370 series 3554546
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In this week's episode we delve into the intriguing world of salary sacrifice; when, why, and how to make the most of it.
Salary sacrifice is a strategy that allows employees to exchange part of their salary for non-cash benefits. Claire breaks down the benefits, the impact of optional remuneration introduced in 2017, and the specific scenarios where salary sacrifice can still offer significant savings, such as electric vehicles and pensions. Learn about the potential implications on employees' net pay, mortgage applications, and long-term financial planning.
Don't forget "Talent is hitting a target no one else can hit. Genius is hitting a target no one else can see"
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ABOUT THE HOST:
Claire Hancott through Profit Cash Growth helps 6 & 7 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers.
As a finance director & chartered management accountant, Claire has nearly 20 years’ experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business.
Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn’t working and where your opportunities lie. Claire’s mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions.
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