Salary Sacrifice

More and more employers are introducing salary sacrifice arrangements which offer employees a new way to make their regular contribution to the company’s pension scheme.

These new arrangements (sometimes given a different name such as SMART Pensions, for example) do not replace the pension scheme you are in.  They are just a new way of paying your regular contribution, which is designed to save you and your employer money by paying less National Insurance.

Click here to download Usdaw’s advice sheet.