Lowering Costs

Salary sacrifice (or exchange)
This is a government-approved process (pensions are exempt from the April 2017 clampdown on salary sacrifice schemes announced in the Chancellor’s 2016 Autumn Statement) that’s been used by many large employers. In short, by reducing the employee’s salary by the amount of their pension contribution, National Insurance contributions aren’t payable on the amount of salary given up or ‘exchanged’. Both you and your employees are better off as a result. Take a look at how much you could save:

Annual Employer Pension Cost Savings

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Postponement 
You can choose to delay when you start auto-enrolment by up to three months not just at outset, but also for all new employees. This can create significant cost savings too:
 
The examples shown here are based on employees receiving national average earnings with minimum contributions for auto-enrolment being paid. 

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Want to know more?

Call us for a friendly chat on 01978 312111 or email: tim@actonifa.com