Save as you Learn

About the Save as you Learn Scheme
Employers can also offer work-related training through a salary sacrifice arrangement.  There are restrictions - In order to qualify for the tax exemption the training must be linked to an employee's role within an organisation or a role they could potentially have in the future.

Benefits

• Employees can save up to 41% on their learning package and spread the cost
• The company saves the Employer National Insurance Contributions on the cost of the learning packing
• Businesses benefit from their employees ongoing development and additional skill

How the Save as you Learn Scheme Works

•  The Company pays for the relevant course/tutoring
• The cost is recovered from the employee via a deduction from their gross pay (Salary Sacrifice) over 12 months or the length of the course
• This provides the employee with a Tax efficient method for paying for learning and spreads the cost
• Employers can have the option of subsidising the cost if they wish
  

Illustration of Employee Savings