Salary sacrifice policy template
Our salary sacrifice policy template outlines the guidelines and procedures for employees opting into salary sacrifice schemes, promoting transparency and compliance with relevant regulations.
- Includes Salary sacrifice policy template, plus 12 months’ access with all updates provided free of charge and notified to you.
- UK-specific accuracy.
- 483 words over 2 pages.
- Last updated 16/08/2023.
- Format: Word / plain text / email.
- Delivery: Instant download after purchase (no physical item).
- Access: Download link shown here after checkout.
- This Salary sacrifice policy template will SAVE you up to 1 hour 30 mins drafting & research. Save cost. Reduce risk.
Salary sacrifice policy
1 Overview
1.1 This Salary Sacrifice Policy outlines the terms and conditions governing the salary sacrifice programs offered by [Company] in accordance with UK regulations. The policy aims to provide eligible employees with the opportunity to allocate a portion of their pre-tax salary towards selected benefits, potentially reducing their taxable income and enhancing their overall remuneration package.
2 Scope
2.1 This policy applies to all employees who are eligible to participate in salary sacrifice programs. The policy covers various aspects of salary sacrifice arrangements, including benefits, eligibility, procedures, and compliance, specifically tailored to the UK context.
3 General Principles
3.1 Eligible Benefits
3.1.1 Eligible benefits for salary sacrifice programs may include, but are not limited to:
- Pension scheme contributions
- Cycle-to-work schemes
- Childcare vouchers or Tax-Free Childcare
- Additional annual leave purchase
- Health-related benefits, such as health insurance premiums
- Other benefits as approved by the Company and compliant with UK regulations
3.2 Eligibility
Employees who have
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Salary sacrifice policy template purpose
This Salary sacrifice policy template aims to offer you a versatile and customisable tool, serving as a solid foundation for your needs. Utilise it to ensure consistency, enhance accuracy, and save valuable time.
Adapt it to suit your unique requirements, ensuring efficiency and effectiveness in your HR processes.
Practical application of a Salary sacrifice policy template
- Issue the Salary sacrifice policy template during onboarding / after changes / planned refresher.
- Send it to appropriate internal recipients such as employees, workers, contractors etc. and request confirmation that is has been read and understood.
Frequently Asked Questions about a Salary sacrifice policy template
Frequently Asked Questions about a Salary sacrifice policy template
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Can I use the Salary sacrifice policy template in my small business?
Yes. The Salary sacrifice policy template is designed to be flexible and suitable for organisations of all sizes, including small businesses and charities. It follows UK employment law best practice, so even if you don't have an in-house HR team, you can confidently apply it.
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Is the Salary sacrifice policy template compliant with 2026 UK employment law?
Absolutely. Like the Salary sacrifice policy template, all of our templates are drafted with the latest ACAS guidance and UK employment legislation in mind. We review and update them regularly, so you can be confident they remain compliant.
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Can I customise the Salary sacrifice policy template for my organisation?
Yes, we highlight the areas of the Salary sacrifice policy template that you need to update with your own details, and where you need to make decisions to suit your situation. This saves you time and ensures that you meet best practice.
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Do I get instant access to the Salary sacrifice policy template?
Yes. Once purchased, you'll be able to download the Salary sacrifice policy template instantly. Templates are provided in editable Word or Excel format so you can customise them easily, and in PDF format for easy sharing.
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What if I need more help, not just a Salary sacrifice policy template?
If you're looking for broader support, we also offer toolkits and library bundles that include the Salary sacrifice policy template, along with other HR templates and policies for fully managing your situation. These may be more cost-effective if you need deeper advice.
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Why should I use this Salary sacrifice policy template, and not AI to generate it?
The risk of using a free AI-generated template 'without review' includes your legal exposure, missing context, and no awareness of the wider process, whereas purchasing the Salary sacrifice policy template from us mitigates that risk.
