Choices can be made at any time in the year. They will continue to run until you instruct us that you wish to stop.
If you are opting into a benefit with a payment made by salary sacrifice, the minimum time for the agreement is 12 months. To be eligible to opt in you need to have either:
There are other eligibility requirements for specific choices. These are explained on the individual page.
Payment is deducted from your salary. Your payslip will detail the deductions made each month.
Payments for the Cyclescheme are made by salary sacrifice to achieve tax and national insurance savings. Payment for buying annual leave is also by salary sacrifice.
A salary sacrifice is based on the employee giving up the right to receive part of their normal contractual pay in return for a benefit. The sacrifice reduces an employee’s gross pay which will have implications on future state benefits. For example, the state pension, statutory sick pay and statutory elements of maternity pay are calculated on the reduced salary. Employees may wish to consider this when deciding whether to take advantage of salary sacrifice.
A salary sacrifice will also reduce the weekly pay which may be used to calculate a redundancy payment and pay instead of a notice. HR are able to provide more information on salary sacrifice if required.
Your benefits will continue to run each year unless you inform us that you wish the benefit to stop. If there is a change in the price, you will be notified and given the opportunity to opt out at that time.
The benefit options on this site are correct at the time of publication but may be subject to change throughout the year.
You will be notified of any changes that may affect you.
