Dealing with Wage Pressure
Energy led inflation and an ongoing skills shortage has created an upward wage pressure for many employers. There is much uncertainty as to what portion of increased costs are temporary. Planning for wage increases is difficult and something you would not like to have to revisit again in the short term. Many employer members are considering using the Small Benefit Exemption scheme to address wage pressure in the first instance. This offers a cost-effective way to give a substantial tax-free financial benefit to your employees.
Further details can be found in the attached document.