Nick Bustin, Employment Tax Director, explains the many benefits of pension salary sacrifice schemes within his article for Employee Benefits.

Pension salary sacrifice schemes are not a new concept, but one that all employers should consider, especially at a time where the tax burden on both employers and employees is high. These schemes, which see employees sacrifice some of their monthly salary in return for increased employer pension contributions, are not only good for helping employees to plan ahead for their retirement, but also offer tax benefits.

With thoughtful planning, pension salary sacrifice schemes can help to generate savings for both the employer and employee, encourage pension saving and optimise staffing budgets, and are, therefore, a valuable employee benefit for many businesses to offer.

Get in touch with Nick for advice or support with implementing a successful pension salary sacrifice scheme.

You can read his full article here.