Salary Sacrifice - Payroll Example Guides
What most teams have seen great success is through reaching out to your payroll provider for them to provide a guide tailored to your payroll system and business unit.
How does the salary sacrifice and Workride work for the employer?
The Workride Benefit Scheme operates using a 'salary sacrifice' system. When an employee opts to forgo a part of their salary for a Workride-approved benefit, this deduction is made from their pre-tax income. As a result, the employee ends up paying less in PAYE, Kiwisaver, and ACC levy, which in turn leads to a reduced Kiwisaver and ACC levy bill for you, the employer.
Here are a few examples of payroll blogs/info on Workride:
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