Jobs Fear As Salary Sacrifice Faces Axe

Summary


BUSINESSES will be hit with spiralling staff costs and will have to cut employee numbers if salary sacrifice benefits - such as private medical insurance - are axed in next month's pre-budget report.

Experts fear Chancellor Alistair Darling will follow Ireland's lead on 9 December and introduce legislation in January to block tax- efficient salary sacrifice schemes to raise revenue.

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Extract


Jobs Fear As Salary Sacrifice Faces Axe

Lee Muter, a director in Ernst & Young's human capital team in Scotl...

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