The HR Banker: 3 money matters to consider in 2017

The HR Banker: 3 money matters to consider in 2017

The days of HR ‘only being concerned with the fluffy stuff’ are over, more and more it is being recognised that the financials are a big part of the people function now.

And 2017 has some monetary changes ahead that will certainly affect HR and employees within the business. Elliott Silk, Head of Employee Benefits at Sanlam, lists his top three things for employers to consider in the coming year.

1. Salary sacrifice

“The changes to salary sacrifice from April 2017 on schemes excluding pensions, childcare vouchers, cycle to work and low emission cars will lead to employers reviewing their benefits. This could result in withdrawing from certain schemes, meaning employees will need to arrange this provision privately – this could cost them more and reduce their net disposable income.”

2. Lifetime ISA

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