Did you know salary sacrifice can help provide employees with the opportunity to increase their pension contributions by up to 31% at No extra cost?
Transfer your scheme
If you suffer from
- High costs
- Low employment take up
- Poor service
- Lack of service
It may be time to change your scheme provider
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BBC News - Business
Adding value to your benefits package
Salary sacrifice is an arrangement whereby your employees give up the right to a specific amount of their future salary or bonus in exchange for a non-cash benefit, typically an employer pension contribution.
Introducing salary sacrifice can enhance your image as an employer who values their employees and the benefits package that you provide to them. This can be an even more powerful message if you agree to reinvest your National Insurance saving to further increase pension contributions or pass on savings to your employees.
In addition to pension contributions a range of other benefits can also be introduced using salary sacrifice such as Cycle to Work schemes, Childcare vouchers, Gym Membership and Transport costs.
Why should you consider salary sacrifice?
- You will pay less National Insurance contributions
- Benefit from Corporation tax relief
- Increased pensions for employees
- Enhanced benefits package
What's the catch?
There is no catch. Almost everyone will benefit from the savings and your employees will either have an increase in their pension contributions, or an increase in take home pay.