As of March 2020, Reward Gateway's employee technology benefit SmartTech™ can be run as either:

1. A net salary deduction benefit (i.e. employers loan employees money to make technology and whitegoods purchases, and the employee repays the loan via net salary deductions); or
2. A salary sacrifice benefit (as above, but repayments are taken from the employees' gross salary where the employer and employee can sometimes make NI savings).

Which option is best?

Whether the client should run their SmartTech™ programme as a net salary deduction benefit, or a salary sacrifice benefit, depends on a variety of factors, and clients should always seek professional tax advice to determine the best option for their organisation.