Reduce Employer NICs: Salary Sacrifice Pensions

PenfoldWorkplace Auto-Enrolment & Private Pension Provider
Cut Costs, Boost Pensions – With No Hassle

Free Salary Sacrifice Setup and Support

Reduce National Insurance costs, boost employee pension pots, and let us handle the hard work – whether you’re an employer or an accountant supporting clients, Penfold makes salary sacrifice simple.

Implementing Salary Sacrifice in 3 Steps

1. Free Consultation

We’ll assess your business or client needs and walk you through potential savings.

2. Tailored Plan

We’ll create a custom salary sacrifice plan tailored to your business, designed to maximise savings for you and employees.

3. Smooth Implementation

We’ll guide you through setup and provide everything you need, including templates and best practices – to handle paperwork and employee communication with confidence.

Ongoing Support Included

We offer support, compliance checks, and reporting to keep your salary sacrifice arrangements on track.

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Why Choose Penfold?

Salary sacrifice can feel complex – but we make it easy. Penfold delivers a fully managed solution that cuts costs, improves employee benefits, and saves hours of admin time.

Boost Employee Pension Savings

Employees can add more to their pension pots without reducing their take-home pay.

Reduce Business Costs

Lower employer National Insurance with tax-efficient salary sacrifice pension contributions.

End-to-End Expert Support

From consultation to implementation and beyond, our team simplifies every step.

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See the Numbers

Here’s an example for a business with 50 employees and a £50k average salary.

For Employers:

With Penfold, a business could save £18,750 in the first year alone through reduced employer National Insurance contributions.

For Accountants:

Introduce Penfold to five clients like this and you’ve helped save £93,750 – while adding serious value to your service.

National Insurance employer savings table comparing costs before and after salary sacrifice pension contributions. Shows reductions in total gross salary (£2,500,000 to £2,375,000) and employer NI contribution (£337,500 to £318,750), with increased pension contributions (£75,000 to £200,000). Total employer cost decreases from £2,912,500 to £2,893,750, saving £18,750. Effective April 6, 2025.

Tools and Support for Employers and Accountants

Whether you’re managing your own payroll or helping clients, we make salary sacrifice simple to offer and easy to maintain:

Savings Calculators

To see exactly how much your business could save.

Compliance & Reporting Tools

Automated tools ensure that all salary sacrifice arrangements meet regulatory requirements, taking the stress out of compliance.

Exclusive Training & Resources

Access to webinars, in-depth guides, and live demos.

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What our Customers Say

At Amplifi Capital we’re committed to investing in our colleagues and supporting their financial well-being.

As part of a review of our workplace benefits, one of the steps we’ve taken is switching to Penfold’s salary sacrifice pension scheme.

With rising employment costs due to the upcoming increase in employer National Insurance contributions, it’s more important than ever to find ways to manage our budgets effectively.

Moving to Penfold helps us to continue to invest in our people whilst reducing employer NICs.

Lisia

CFO at Amplifi Capital

    person

    Penfold helped us to understand salary sacrifice really well.

    We had an overview meeting, were sent FAQs and Penfold also hosted a Pension Workshop to take our teams through the platform & salary sacrifice which was really helpful.

    The transition process is very straightforward and the team at Penfold do a super job at explaining each step.

    Michelle Kangellaris

    Director of People & Culture at Glint

      Salary Sacrifice FAQs

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