Salary exchange

Salary exchange 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 exchange or other improvements to your employee benefits package
  • offering increased employer contributions
  • reducing the overall cost of your pension and employee benefits


How we can help you

We can help you take advantage of salary exchange 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 exchange scheme that is aligned with your overall financial and reward objectives.


 Insights and views

    Countdown to Flexiday Issue 5: Member communications in a post-Budget world
    26 August 2014
    In this note, the fifth in our ‘Countdown to Flexiday’ series, we look at the Government’s guidance guarantee and how the Budget changes will affect communications delivered to members regarding their retirement planning.

    Read more
    Countdown to Flexiday: Government responds to Flexiday consultation
    31 July 2014
    In this note, the fourth in our ‘Countdown to Flexiday’ series, we look at the Government’s response to its consultation on the radical changes to the tax rules governing pensions announced in the Budget in March.

    Read more
    Countdown to Flexiday: Increased opportunities to take small benefits as cash
    27 June 2014
    In this note, the third in our ‘Countdown to Flexiday’ series, we look at the changes to the rules for trivial commutation made in this year’s Budget, in particular whether bulk trivial commutation exercises are now likely to be more attractive.

    Read more
    Countdown to Flexiday: Will all transfers from DB schemes be banned?
    29 May 2014
    In this note, the second in our ‘Countdown to Flexiday’ series, we look at the options being considered for a possible ban or restrictions on transfers from private sector defined benefit (DB) schemes and their implications.

    Read more
    All Change for DC
    29 April 2014
    Getting defined contribution (DC) pensions right is key to making auto-enrolment a success and improving retirement incomes for millions of people. This briefing note focuses on the action points for trustees of DC schemes and sections.

    Read more
    Visit the Industry Insights page for news and views on the latest industry developments


    Salary Sacrifice: the Great Exchange
    16 September 2014
    Read more
    Salary Sacrifice: The Great Exchange
    18 September 2014
    Read more
    Preparing for your next valuation
    6 November 2014
    For Trustees, Finance Directors and those responsible for Pensions and Corporate Risk
    Read more
    Visit the Events area for all forthcoming Punter Southall seminars, conferences and events
    Speak to us

    Speak direct to our specialists in this area
    Nick Frankland
    Or call us on
    020 3327 5000

 DC Survey 2012