Salary sacrifice could boost pension savings by nearly £500 a year

Scottish Widows finds workers could save £35,900 over the course of a 25-year period

Martin Richmond
clock • 2 min read
Salary sacrifice could boost pension savings by nearly £500 a year

Workers could boost their pension savings by nearly £500 a year if they opted for salary sacrifice through their workplace scheme, research from Scottish Widows has found.

The provider's research revealed workers on an average salary of £34,963 per year could retire 12 months earlier than anticipated if they opted into a workplace salary sacrifice scheme. It calculat...

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 Industry

WSB Awards 2025 - Enter now!

WSB Awards 2025 - Enter now!

The 13th anniversary WSB Awards will be presented in London on 10 September

Workplace Savings and Benefits
clock 01 May 2025 • 2 min read
IFS' David Sturrock confirmed as keynote speaker at PP's DC Conference

IFS' David Sturrock confirmed as keynote speaker at PP's DC Conference

The DC Conference will take place on 18 June in London

Professional Pensions
clock 01 May 2025 • 1 min read
News Digest: Fresh row over plan to mandate pension fund investments

News Digest: Fresh row over plan to mandate pension fund investments

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 01 May 2025 • 1 min read
Trustpilot