Autumn Statement 2016 Analysis: What will salary sacrifice changes mean for employee benefits?

In the Autumn Statement 2016, chancellor Philip Hammond announced the restriction of tax-free benefits offered by salary sacrifice schemes. Hammond said that this move is set to save the government more than £1bn by 2022. The chancellor said the restrictions to the salary sacrifice regime would take effect from April 2017. HM Treasury said this would mean "most salary sacrifice schemes will be subject to the same tax as cash income". However the government has earmarked the benefits that are not part of this reform: pensions, childcare vouchers, cycle to work schemes and ultra-l...