'Salary sacrifice': the gifts the taxman can't unravel
From Christmas parties to telephones and child minding, many company perks are tax-free and could justify trading in some pay, says Annie Shaw
Your employer can also provide you with a telephone for either business or private use, with no tax to pay on the phone itself or the cost of the calls. You simply agree to give up a portion of your salary in return for the equipment, which will cost you far less than taking out a phone contract yourself. It could save you between £140 and £180 a year, while your boss pockets around £50.
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First published on December 16th, 2007 in Independent on Sunday
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