We have been helping schools to set up salary sacrifice schemes for the payment of school fees using our template documentation since 2009.
Between 2009 and 2016, there were no material legal developments affecting salary sacrifice schemes. However, there have been two recent developments - one affecting the operation of salary sacrifice schemes during periods of maternity leave (and other periods of statutory leave) and the introduction of an HMRC service which allows the payrolling of taxable benefits.
If you have not set up a scheme and would like to do so we can provide you with template documents and advice for a fixed fee to achieve this. The documents we have developed for this purpose include:
Whilst there have been no major legal changes affecting salary sacrifice schemes in recent years, our salary sacrifice documents have developed over time.
If you use our documents and would like them reviewed to ensure they are up to date please contact Richard to discuss how we can assist.
This update and other information about our salary sacrifice documents can now also be accessed for free through Compliance OnStream, our full suite of compliance solutions for independent schools, under the Employment Solutions section.
Compliance OnStream will become even more important for schools as we will be launching a new website later this year which will change the way that our updates and documentation are accessed.
You can sign up to Compliance OnStream by visiting www.vwv.co.uk/compliance-onstream/login