Tag Archives: benefits

Optional Remuneration Arrangements – (OpRA)

benefits, employees

The optional remuneration arrangement (OpRA) legislation was introduced on 6 April 2017 and replaces salary sacrifice. The new rules apply to any employee that is offered either cash or the alternative of a benefit in kind in their contract of employment.  Under these new rules, the taxable benefit is the greater of the cash amount…

Are staff pension contributions affecting your margins? Here’s what you can do

Pension contributions increased from a minimum of 2% of qualifying earnings to 5% in April of this year, and they’ll increase again in April 2019 to a minimum of 8%. So, what exactly does this mean for your business and its margins? Well, the truth is, you simply don’t have any choice in the matter….