Salary sacrifice (or salary exchange) is when an employee agrees to give up the right to a share of their pay. In return, their employer provides them with an additional employee benefit.
This arrangement can make workplace pension schemes far more cost-effective. It’s a fantastic way for employers to save money and for employees to boost their pension funds – at no extra cost.
Our Workplace Pension Consultants can design a salary sacrifice scheme for your workplace pension that is auto enrolment compliant and manage the technical and legal requirements, so that you and your employees can benefit together.