Training Costs - Tax Treatment
It is advantageous for employees to have training paid for by their employer. Not only does it reduce the national insurance paid by the employer but it also can be offset against the employee's tax liability. Considering that every GOS listed Optometrists receive a CET grant this makes joining the LOC even more attractive as a cost effective means of getting a varied range of your CET obligation.
The situation as regards training paid for by employers is very different. By and large, any training which makes their employees better at their jobs (and this includes very general sorts of training which may not have an immediate impact on their ability to do the job) will be allowable.
Clearly, therefore, the sensible thing for an employee to do is to get their employer to pay for their training, using a salary sacrifice if necessary.
The situation as regards training paid for by employers is very different. By and large, any training which makes their employees better at their jobs (and this includes very general sorts of training which may not have an immediate impact on their ability to do the job) will be allowable.
Clearly, therefore, the sensible thing for an employee to do is to get their employer to pay for their training, using a salary sacrifice if necessary.