What is the fundamental action an employee takes when entering into a salary sacrifice arrangement?

Answer

Agreeing to give up a portion of their salary in exchange for a non-cash benefit provided by the employer.

Salary sacrifice, or salary exchange, is defined as an employee agreeing to surrender part of their salary in return for a non-cash benefit, which effectively modifies the employment contract.

What is the fundamental action an employee takes when entering into a salary sacrifice arrangement?
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