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> I don't understand how you have a discussion about this without discussing the total benefits an employee receives. In the UK, most employer-provided 'benef
by dingaling 12y ago
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I don't understand how you have a discussion about this without discussing the total benefits an employee receives.
In the UK, most employer-provided 'benefits' are taxable in that their value is deducted from the individual's personal allowance, i.e. the amount they earn before paying income tax.
So it's even worse; not only does the employer 'spend' your salary on benefits you may not want, but it also hits your wallet by increasing the amount of income tax you pay.
One of the first things I do at a new employer is opt-out of as many benefits as possible. They do not compensate with additional cash, but it reduces my tax burden.
- spacecowboy_lon 12y agoerr? do you actualy work in the Uk? the only benefit that it can make sense to opt out of is company car - The major benefit in USA terms is health is all ready provided by the NHS. Do you realy opt out of the pension? when I worked for a big company that was worth 6% tax free - let alone the share save schemes
- dingaling 12y ago> the only benefit that it can make sense to opt out of is company car And private health insurance, gym membership and dental insurance, which knocked £900 out of my personal allowance until I cancelled them at my last work place.
- spacecowboy_lon 12y agoDid you not ask if you coudl have the equivelent benefits added to your pension ?