Benefit strategy rethink needed following Autumn Statement changes

A further 71% also felt that the erosion of salary sacrifice would impact benefits negatively. However, Martha How, principal at Aon Employee Benefits, said: "Now is a good time to re-assess benefits strategy, but closing salary sacrifice schemes for most benefits would reduce the real value of benefits in the hands of employees." In the Autumn Statement, chancellor Phillip Hammond announced that there would be a restriction on the tax free benefits offered by salary sacrifice schemes. Pensions, childcare vouchers, cycle to work schemes and ultra-low emission cars will be shielded ...