With the rates of national insurance contributions (NICs) having increased by 1.25% from 6 April 2022, fringe benefits have a definite tax advantage when compared to conventional salary. Even if there is not much, if anything, in the way of income tax saving, directors and employees can avoid NICs at 13.25% or 3.25%. Certain tax-advantaged fringe benefits will also mean no, or little, NICs at 15.05% for the employer, with these types of benefit particularly suited to a salary sacrifice arrangement.
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