About Salary Sacrifice
The key benefit of salary sacrifice as part of your flexible benefits offer is that the NICs relating to the sacrificed amount can be saved, allowing you to administer the benefit out of the savings.
An example of how salary sacrifice benefits can be advantageous to your business is shown in the following table, which details the savings you can make with a salary sacrifice pension:
| Number of employees in the scheme | 100 |
|---|---|
| Average salary of employees | £30,000 |
| Employee contributions | 5% of salary |
| Savings in NI at 12.8% | £19,200 per year |
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