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Autumn Statement 2016: Salary sacrifice perks cut back

The Chancellor committed to the launch of tax-free childcare, a flagship Government policy, early next year...
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'Autumn Statement 2016: Salary sacrifice perks cut back'
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Comments

  • abby1234519
    abby1234519 Posts: 1,961 Forumite
    arghhhhh!! Just as we signed up for a lease car through work
    Money money money.

    Debt
    Dec 2016: [STRIKE]£25,158.71[/STRIKE] £21,999.99

    #28 Pay off debt in 2017 £3803.55
  • Hi,

    I have multiple flex (possible salary sacrifice) i.e., Critical illness, medical insurance, share and travel insurance.

    as of next year should i carry on using these or do i need to look else where
    It is currently taken £300 of my salary before tax
  • If you are on a share scheme (SIPP) through work is this affected? I see nothing mentioned of this in any news article?
  • My son got a lease car through his employer and was told he would save on his tax and NI due to salary sacrifice. He has now had his tax code changed from 1100L to 7120L. As he is paying for the car in full weekly from his wages is it correct that he has lost a large chunk of his tax free allowance?
  • 50Twuncle
    50Twuncle Posts: 10,763 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Will this affect my (free) Simplyhealth cash plan ?
    I earn less than £4k part time working and up until now - this has been income tax free
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