Salary Sacrifice - A Win Win Win scenario
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Salary Sacrifice & Pensions
The vast majority of senior employees in finance and human resources are aware of salary sacrifice. They are aware of the financial benefits to their employer and employees. Many of them want to implement it but just haven’t got round to doing it
We’re specialists in Salary Sacrifice!
We take away all of the pain and stress involved when setting up a salary sacrifice scheme.
Salary Sacrifice – Employer Savings
Use our online calculator to get an estimate of how much your business could save each year by using salary sacrifice with your workplace pension scheme.
These savings can be used for a multitude of purposes such as:
- Director’s Pension Arrangements
- Enhanced staff benefits, such as Group Life or Private Medical Insurance
- Funding Keyman or Shareholder Protection
Salary Sacrifice – Employee Savings
In its simplest form salary sacrifice will result in an increase to your employees’ take home. Alternatively it can be used to increase pension contributions whilst maintaining the same take home pay.
Our business has evolved from being the go-to people for workplace pensions to now offering a fully outsourced payroll solution, WPD Payroll, which includes:
- Dedicated Payroll Manager
- Pension adminstration
- Employer and employee support
- HMRC communications
- Furlough and Job Retention scheme calculations and processing
Our payroll service is suited to businesses with 50-500 employees and in conjunction with salary sacrifice can be completely cost neutral.
Educating your employees
It’s not just the financial benefits though. Salary sacrifice is best communicated using employee presentations, either on site or online. This is a great opportunity to educate employees on pensions in general.
Contact us to find out more