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Sprite Services see increased demand for Salary Sacrifice schemes

Sprite Services see increased demand for Salary Sacrifice schemes 
 
Sprite Services have seen a dramatic rise in enquiries from employment businesses exploring salary sacrifice models.
 
We are well known for our umbrella and contracting businesses but until recently our salary sacrifice management was a little known service we  provided, commented Kevin Morrison, Joint Managing Director at Sprite.  Since the start of this year we have experienced a significant increase in enquiries relating to our managed salary sacrifice model from employment business, many of whom are looking to introduce an employed model as part of their AWR  strategy.  We believe that following  specific  legal and tax advice a number of businesses are exploring the option of offering a salary sacrifice scheme which is particularly attractive to workers operating on short term assignments.
 
Salary sacrifice can offer a number of benefits to workers and businesses alike and although there is a clear requirement for professional advice in order to establish a scheme it is the management of the scheme in accordance with the approval given by HMRC that many employers are looking for assistance with. The Sprite managed salary sacrifice model provides such a solution and provides a low cost tailored solution  to those businesses that either do not have the back office capability, or would prefer to outsource the operation to specialists in this arena.

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