PenfoldWorkplace Auto-Enrolment & Private Pension Provider
Salary sacrifice savings

Cut National Insurance. Boost your pension benefits.

Switching to a salary sacrifice pension scheme with Penfold helps you cut employer NI costs, increase pension contributions, and free up budget — all without extra admin headaches.

Talk to our teamGet started nowFree setup. No payroll disruption, Trusted by 5,000+ UK businesses

Why salary sacrifice?

Salary sacrifice pensions are one of the easiest ways for you to save money and reward employees – without extra cost. With Penfold, you get a modern, fully managed setup that saves money for your business and your employees.

Lower business costs

Reduce employer NI contributions and reinvest the savings where they matter most.

Better employee benefits

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

End-to-end expert support

We guide you through every step, from consultation to launch.

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Your savings in action

Here’s an example of what salary sacrifice could mean for your business.

Example: 50 employees, £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 Advisors:

Introduce Penfold to five clients like this and you’ve helped save £93,750 – seriously strengthening your advisory offer.

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.

How It works in 3 steps

1. Plan it

We run a free consultation to assess your payroll and NI position, and create your tailored salary sacrifice plan.

2. Switch it

We manage the provider switch, work with your payroll team, and test everything before launch.

3. Run it

From the first payday, your NI savings start rolling in. We support you to keep everything on track.

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Book your free consultation

Built for employers and advisors

Whether you run payroll in-house or support clients, Penfold’s platform makes salary sacrifice easy.

For employers:

  • Savings calculators to forecast NI savings
  • Automated payroll and reporting tools
  • Communications and onboarding handled for you

For advisors:

  • White-label setup for your clients
  • Branded employee onboarding resources
  • Expert support for scheme admin
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Customer Success

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

      Start saving on NI this month – setup is free

      It’s never been easier to cut your costs and reward your team. Join thousands of UK businesses already using Penfold’s salary sacrifice pension.

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