Vocational Training Courses at Other Institutions
Benefit: Vocational Training Courses at Other Institutions
Provider: Other Educational Institutions
Background: You can now elect to receive the benefit of undertaking a vocational course at other Institutions as a salary sacrifice option, making savings on tax and NI. This benefit works in the same way as Vocational Training Courses at Lancaster University.
Before selecting this benefit please confirm with the OED Team (01524 510628) that the course can be categorised as vocational.
You will need to re-select this benefit during the annual enrolment window.
Amendments to Benefit: This benefit can only be selected at annual enrolment.
Tax and NI implications: This is operated by salary sacrifice. You will save tax and NI on this benefit.
Savings:Based on selecting course fees of £2,000 a member of staff on £25,000 would save approximately £588.00 on the cost of the course.
How do I get the benefit? The course has to be checked that it relates to the employee’s role at the University and so meets HMRC regulations for tax & NI deductions. To do this, you should send details of the course to Jean Bennett, OED, Human Resources who will arrange for this assessment to be made.
As soon as you have the invoice from the provider, please send a copy to Sarah Harding, Finance. The invoice will be paid by BACS. The salary sacrifice amount will be automatically shown on your payslip each month.