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What are the arrangements for the salary sacrifice scheme?

April 26, 2017arrangements Sacrifice salary Scheme

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What are the arrangements for the salary sacrifice scheme?

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The flexible benefits salary sacrifice scheme allows an officer to exchange part of their substantive salary for a form of non-cash benefit. The salary sacrifice concept allows officers to voluntarily elect to convert part of their substantive salary into non-cash benefits. Further details on the scheme can be located in PNB circular 06/1 on our website.