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When your employer asks you to sacrifice some of your salary in order to receive a benefit, you can be excused for being a little cautious in you response. It is the same when anybody asks you for money, you are very wary of the consequences, and you are eager to establish what the outcome of it will actually be. Something that is becoming increasingly popular amongst employers is to offer a number of different vouchers in return for a small percentage of your salary on a monthly basis. These vouchers give you the opportunity to receive some payments that are exempt from tax and national insurance in the shape of a redeemable voucher for various different services, like child care for example. When you research this offer it may soon become evident that as long as you are likely to use the vouchers for the services that they are eligible for then in the long run it could save you a large amount of money. In terms of child care specifically, all parents know just how expensive these services can cost and so long as you can make the most of the companies that the vouchers are valid for then this can quickly become one the of the best features of your pay packet. The benefits of paying for these services in this way do not just stop at the saving of a few pounds through tax and national insurance. Not having the funds in your account in the first place makes it easier to calculate your monthly funds, and ensure that you do not touch these funds in any moments of desperation. One of the fantastic hidden positives of this type of employee benefit is that most companies use this service as a way of donating funds to charity. This additional benefit really helps you to make the decision on whether to take advantage of this service or not as, while you benefit financially, you can also see the difference it is making to local charities and can fill you with a sense of well-being that only giving to charity can ensure. What is clear within this aspect of company salaries in recent times is that it is vital to take a little bit of time to ensure that you are doing the correct thing, not just for the benefit of you and your family but also to see if it can make a difference to somebody else’s life in the process. Make the most of a salary sacrifice and claim your child tax credits.
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salary sacrifice, child tax credits,
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