Tax  

Less than half of SMEs offer salary sacrifice

Mr Chan warned, however, that it might not be an option for much longer in its current form.

He said: "When salary sacrifice was first introduced it was only taken up by a small number of employers so this did not cause much concern for the government. Over the years as it’s got more and more mainstream, and with the government needing to raise funds to balance their accounts, they now realise they are losing out hugely in tax revenues through salary sacrifice so it may only be a matter of time before the Chancellor decides to attack it again once Brexit negotiations are out the way."

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maria.espadinha@ft.com