Significant savings in National Insurance, for both employer and employee, can be generated by converting existing pension schemes to salary sacrifice. (Or by setting up a new pension scheme on a salary sacrifice basis).
Employees also benefit from immediate tax relief at their highest marginal rate of tax – no need for higher rate taxpayers to claim through their tax returns, which many forget to do!
As part of the Benefit Select platform, Smart Pensions gives employers a simple, online solution to managing or converting to salary sacrifice pensions. The module also gives employees highly valued flexibility in varying their own contribution levels, within agreed limits.
Fair Care will happily work with your existing pension adviser to deliver this solution.