Cost Saving

Keeping on top of your benefit premiums can be taxing. Our market reviews ensure that your benefits are offering the most competitive terms for the most competitive price.

There are many ways to reduce costs on benefits. Often, we find that insurances have been allowed to renew year on year with no scrutiny or review. Sometimes, a lack of knowledge around insurance products leads to companies with benefits in place that are providing inadequate cover for their employees. Most importantly, the provision of our own advice is priced at a competitive rate, meaning that we deliver exceptional value.

If you wish, we can then recommend the best way to use your cost savings to boost your benefits package. This can be done by saving money on your “traditional” insurances and using this saving to provide lifestyle and wellness benefits. This means that, at the end of our consultancy process, your company can have an improved benefit offering which is potentially cost neutral.

Pension Salary Sacrifice: A smart solution for your business

Pension Salary Sacrifice is an agreement between employers and employees, where employees agree to give up part of their salary in exchange for an increased employer contribution into their pension plan. This not only helps employees save more for their future but also reduces the business’s payroll costs by lowering the amount of National Insurance contributions.

Benefits to your business:

• Cost Savings – Reduce your employer National Insurance contributions, increasing profitability or unlocking that cost to redirect towards other initiatives.
• Compliant process – Ensure adherence with HMRC rules and other employment law matters.
• Enhanced Employee Engagement – Attract and retain top talent by offering a competitive pension scheme.
• Tax Efficiency – Lower tax liability for your employees

How we can help

Our expert team will guide you through every step of implementing Pension Salary Sacrifice for your business.  From initial consultations to plan setup, communication with employees and ongoing support – we ensure the process is seamless and compliant.

• Comprehensive Analysis – Review your current pension and payroll arrangements
• Tailored Implementation – introduce a salary sacrifice scheme that fits your business needs.
• Employee Communication – Clear, concise materials and presentation to help employees understand the benefits.
• Compliance Assurance – We handle all the regulatory and compliance requirements to keep your scheme in line with HMRC rules.
• Ongoing Support – Continuous guidance and advice to ensure the schemes success.

Contact us today to discuss how Pension Salary Sacrifice can benefit your business and employees

Please note that not all employee benefits services are regulated by the Financial Conduct Authority.