HMRC has resolved this matter by adding pension contributions to the list of salary sacrifice schemes which allow opting out at any time.EBSCO_bspCorporate Adviser
Also known as salary exchange, salary sacrifice an agreement between you and your employee to reduce their pre-tax annual salary in return for receiving a non-cash benefit, i.e. goods or a service. Most commonly employers offer childcare, healthcare, transport, and increased pension contributions...
However, one way or another the profit has to leave the company or get spent on providing a benefit in kind. If we are trying to look at the whole picture, then there's a few other things to take into account. VAT: except for special cases (driving school car etc.) the business ...
Mark Simmonds