Salary Exchange

Salary Exchange or Salary Sacrifice is often misunderstood by employers and employees, but it can be a powerful benefit for both parties.

Our experts can talk you through available benefits including child care vouchers and additional pension contributions and we’ll keep you updated as legislation changes to ensure you remain compliant.

Importantly, we can then convey the benefits, and risks, of Salary Exchange to your employees. We do this for many of our clients, often in tandem with other financial education topics like retirement planning.

For every £1,000 gross paid in to a workplace pension by an employee via Salary Sacrifice, the employer saves £138. Minimum contributions rose to 8% in April 2019 with employees now contributing 5% of their salaries to workplace pensions. This is a 66% increase.

Ask us about how Salary Exchange could save your business and employees money