SALARY SACRIFICE
New salary-sacrifice product launched
P& MM has launched Salary Plus, a "one-stop shop" for the UK’ s top three salary-sacrifice products.
Offering tax-free childcare vouchers, home computers and bicycles for work, P& MM reckons it will bring the benefit scheme within reach of smaller businesses and demystify the compliance issues.
"Salary Plus is a completely independent, employee-focused salary sacrifice scheme. It is not linked to banks, unlike many of its competitors, so employees will not be the targets of unsolicited sales pitches as a result of their participation in the scheme," says P& MM executive director David Lebond. "Unsolicited sales pitches are a common problem in the industry and ultimately, it means that the delivery of benefits is primarily an access opportunity. Salary Plus is solely focused on meeting the salary sacrifice needs of both employer and employee."
P& MM believes its new product will open up salary-sacrifice benefits to a previously excluded area. "Prior to Salary Plus, salary sacrifice benefits were typically the domain of large multinational corporations, with the market out of reach of smaller companies. P& MM has addressed this limitation by ensuring that Salary Plus is capable of serving the needs of smaller companies as well as their larger counterparts," says Lebond.
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For more information on Salary Plus, please contact Stephanie Keats at P& MM, tel: 01908 608 000 or visit www.p-mm.co.uk
Posted 7 September 2005