This is an arrangement where employees agree to give up some salary or bonus. The amount given up is used by the employer to provide a non-cash benefit to the employee.
As the employee is being paid less gross salary the employer makes National Insurance Contribution (NIC) savings and the employee pays less tax and NICs.
We can provide you with full calculations showing the savings you can make and produce individual statements for your employees.
Information on this website should not be considered as personal advice, if you wish to receive professional advice as to the suitability of Corporate Pensions for your business, please contact us.
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