Get a Unique Tax Reference for free with Earnr. Click to get started!

Salary Sacrifice

Term

A scheme through which you exchange parts of your salary for extra benefits. This makes the cash portion of your pay lower, hence you pay less income tax and national insurance.

Eligible benefits:

The salary sacrifice will be shown on your payslip and because it’s technically lower, you may have issues with mortgage applications. Note: your salary can’t be lower than national minimum wage.

Back to Taxionary

You might also like...

decorative image for a blog
January 4, 2021
Earnr

Welcome to earnr 👋

Our first post on our blog! We can't wait to show you what's next

Read more
decorative image for a blog
August 9, 2022
Self employed

How Earnr creates a steady income for Etsy sellers

Here’s how Earnr helps Etsy sellers organise their income and pay themselves a regular salary

Read more
decorative image for a blog
August 9, 2022
Self employed

How Etsy sellers are adapting to a post lockdown economy

As part of our interest in supporting Etsy sellers, we’ve been doing some digging into the current state of the Etsy world as lockdown becomes more and more a thing of the past.

Read more
Download earnr