Who really benefits from Salary Sacrifice?
Salary sacrifice is a powerful financial tool that allows employees to exchange a portion of their gross salary for non-cash benefits, often leading to significant tax savings. While this arrangement can be advantageous for both employers and employees, it’s not always suitable for everyone. In some cases, entering into a salary sacrifice agreement could result in unforeseen drawbacks, making it essential to understand the details, benefits, and potential pitfalls before opting in.