Salary Sacrifice

[DcD]

Hi all, started a new job today for a pretty cool company and noticed they have a big section about how as an employer they are willing to offer salary sacrifice to employees if they want to. After a quick read up on the following link (http://www.hmrc.gov.uk/specialist/salary_sacrifice.htm) it could be something that I'm interested in. From what I understand, I'd give up a part of my salary for extra annual leave etc. Is this correct? My salary is already surplus to what I need and will increase again after three months probation.

Is it worth it? Does any else do it? And, what is a decent % agreement to sacrifice for the benefits? Obviously I don't want to discuss this with them in my probationary period yet, but I want to get some information on what it entails.

 

[DcD]

I do it for my pension arrangements as it is tax efficient, certainly wouldn't do it for holiday without a really good reason.

I did notice something about the pension aspect. What exactly does this mean? Why should I do it? Pensions baffle me and I've been rather useless at looking into or contributing to one over the past few years.