People working out of serviced offices in Edinburgh may be among those who are becoming increasingly aware of salary sacrifice schemes.
According to Matt Duffy, partnership manager for consultants Lorica, increased media coverage relating to these benefits has resulted in more interest from the public.
These schemes allow workers to give up part of their earnings in return for non-cash benefits, such as childcare vouchers, increased pensions, or food in the canteen. Therefore, the employee has to pay less tax and national insurance but could potentially miss out on increased levels of maternity pay or other benefits for high earners.
"[Salary sacrifice schemes] have got people thinking a lot more about the tax efficiencies that can be driven through the workplace," Mr Duffy concluded.
A recent report from saving and investment company Standard Life stated 63 per cent of people believe that the basic weekly state pension of £140 would be too little for them to survive on in retirement, a figure that reaches 72 per cent among over 55s.
