"As relatively new to the business at the time of implementing salary exchange I found the advice and support from Punter Southall very helpful indeed. They had the expertise to shape, plan and execute the entire process where and when I required. I asked to be led and guided through the process and that's exactly what I got."
HR Director, UK and Ireland, RR Donnelley
Salary sacrifice can deliver substantial savings to both employer and employee by removing National Insurance liabilities on members’ payments to your pension scheme. How you use your savings is up to you, but they can then be used in a variety of ways, such as:
- funding the implementation of salary sacrifice or other improvements to your employee benefits package
- offering increased employer contributions
- reducing the overall cost of your pension and employee benefits, particularly as those may have risen as a result of auto-enrolment
How we can help you
We can help you take advantage of salary sacrifice by establishing an arrangement that is legally compliant, simple to operate, saves you money and offers a valuable benefit to your employees.
Our service is tailored to the level of support you require, and includes:
- feasibility and financial modelling
- scheme rules and considerations
- employee communication and implementation
We know that any decision affecting company finances must be carefully considered so we have developed interactive tools that can help you design, with confidence, a salary sacrifice scheme that is aligned with your overall financial and reward objectives.