Staff contributions cut costs

clock

Employers using salary sacrifice could save £100 for every employee contributing to a pension scheme, Watson Wyatt claims. It says savings could be made by reducing NI costs. And these savings would increase year on year as salaries rise.

Watson Wyatt senior consultant Mike Ashton said salary sacrifice was a “win-win” for firms and staff. “There has been a real trend to implement salary sacrifice in the last 12 months. Companies ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Employee Benefits

First Actuarial adds healthcare to its employee benefit service range

First Actuarial adds healthcare to its employee benefit service range

Consultancy’s launch follows client demand for a ‘one-stop shop for employee benefits’

Jonathan Stapleton
clock 22 May 2025 • 1 min read
Most employers offering pensions cash alternative, WTW finds

Most employers offering pensions cash alternative, WTW finds

Three quarters offer alternative to pensions for employees restricted by AA, WTW finds

Jasmine Urquhart
clock 18 March 2025 • 2 min read
Benefex and Benify come together under single brand

Benefex and Benify come together under single brand

Benefex and Benify come together under single brand

Jonathan Stapleton
clock 11 February 2025 • 1 min read
Trustpilot