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Home > QFINANCE Dictionary > Definition of salary sacrifice scheme

Definition of

salary sacrifice scheme

HR & Personnel

exchange of future pay rise for other benefit in the United Kingdom, an agreement between employer and employees by which the employees relinquish a right to future cash in exchange for a noncash benefit of some sort

Definitions of ’salary sacrifice scheme’ and meaning of ’salary sacrifice scheme’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’salary sacrifice scheme’ and other financial terms with our online QFINANCE Financial Dictionary.

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