The cost of living has been increasing across the UK since early 2021 and has recently reached its highest recorded level (ONS).
Additionally, the health and social care levy introduced in April 2022, has seen a 1.25% increase in national insurance rates, bringing additional costs to both employee and employer.
As employees are feeling the squeeze on their finances, employers are looking for tax-efficient ways of supporting them.
Some employers are now looking into some commonly overlooked tax-free benefits that can be provided to employees.
If you would like to know more, please get in touch with your usual Crowe contact.
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