IMPORTANT ANNOUNCEMENT

Further to the chancellor’s autumn statement and further guidance issued on 5th Dec, there may be adjustments to the Salary Sacrifice Benefit programme.

We will endeavour to keep you informed of any changes; however as a consequence of the planned changes to the tax rules in April 2018, there will be a small change in the amount of income tax that you pay to acquire products under the Trust's Salary Sacrifice Benefit Programme. 

This will only affect those monthly instalments that remain payable from April 2018 onwards.

All the other Salary Sacrifice Benefits remain including ease of paying, monthly instalments, no credit checks or personal loans.

If you wish to participate please be assured that there are savings to be made.  

The Government has advised that there may be further clarification on December 5th 2016 with legislation possibly agreed in the April 2017 Budget statement.

For clarification, please seek Independent Financial Advice.

https://www.unbiased.co.uk/

As a guide only, were the governments recommended increase to be applied to a standard rate tax payer, the indicative monthly increase on the amount of tax you pay would be as detailed.

Gross Monthly Payment

April 2018 proposed additional income tax due per month on gross monthly payment over 3 years (All Products excl. Mobile Phones)

£10

£0.80

£20

£1.60

£30

£2.40

£40

£3.20

 

Gross monthly payment

April 2018 proposed additional income tax due per month on gross monthly payment over 2 years for Mobile Phones

£10

£2.00

£20

£4.00

£30

£6.00

£40

£8.00

 

Following this announcement the Technology Scheme is temporarily suspended until further clarity regarding the position of savings is received from The Treasury.  All orders received by Liaison One Call up to 11.59pm on Tuesday 13th December 2016 will be honoured.