The Salary Sacrifice Letter Template UK is offered in multiple formats including PDF, Word, and Google Docs, featuring both editable and printable versions for your convenience.
Salary Sacrifice Letter Template UK Editable – PrintableSample
Salary Sacrifice Letter Template UK 1. Employee Information 2. Employer Information 3. Salary Sacrifice Agreement Details 4. Purpose of Salary Sacrifice 5. Employee Responsibilities 6. Employer Responsibilities 7. Change in Benefits 8. Tax Implications 9. Termination of Salary Sacrifice 10. Signatures and Agreement 11. Declaration and Signatures
PDF
WORD
Examples
[Name of the Employee]
[Employee ID]
[Employee Address]
[Employee Phone]
[Employee Email]
[Name of the Employer]
[Employer ID]
[Employer Address]
[Employer Phone]
[Employer Email]
This letter outlines the agreement between [Name of the Employee] and [Name of the Employer] regarding salary sacrifice arrangements for the purpose of [Specify Purpose, e.g., pension contributions, car lease, etc.], effective from [Start Date].
The Employee agrees to sacrifice a portion of their salary, amounting to [Specify Amount or Percentage], which will be redirected towards [State the purpose, e.g., pension scheme, lease agreement].
The new gross salary after sacrifice will be [Specify New Amount], which will be reflected in the payslips following the commencement date.
The Employee acknowledges that the salary sacrifice may have tax implications and agrees to seek independent financial advice if necessary. The sacrifice amount will reduce the Employee’s taxable income.
This salary sacrifice will remain in effect for a minimum period of [Specify Duration, e.g., 12 months], after which it may be reviewed or terminated upon mutual agreement.
The Employee or Employer can terminate this agreement with [Notice Period, e.g., 30 days] written notice. Upon termination, the Employee’s salary will revert to its original amount.
[Signature of the Employee]
[Name of the Employee]
[Signature of the Employer]
[Name of the Employer]
[Name of the Employee]
[Employee ID]
[Employee Address]
[Employee Phone]
[Employee Email]
[Name of the Employer]
[Employer ID]
[Employer Address]
[Employer Phone]
[Employer Email]
This letter serves to formalize the salary sacrifice arrangement between [Name of the Employee] and [Name of the Employer] for [Specify Purpose, e.g., cycle-to-work scheme, childcare vouchers].
The Employee agrees to sacrifice [Specify Amount or Percentage] of their gross salary each month, redirecting these funds towards [Detail Purpose, e.g., childcare vouchers] beginning on [Start Date].
The Employee understands that the salary sacrifice may affect other benefits such as bonuses, pension contributions, and statutory payments based on the new salary figure.
This agreement will be reviewed annually to ensure that it aligns with both parties’ expectations and any changes in legislation. Both parties must agree on any amendments.
The Employee agrees to provide all necessary documentation and information required for the implementation and management of the salary sacrifice scheme.
The Employee agrees to indemnify the Employer against any loss, damage, or liability arising from this salary sacrifice arrangement.
[Signature of the Employee]
[Name of the Employee]
[Signature of the Employer]
[Name of the Employer]
Printable
