A neat tax hack that leaves both employees and employer better off without reducing pension contributions.
Learn how to save money with this simple tax hack that gives back.
Calculate the savings based on your head count and business finances.
Change your existing pension contribution set up, plus dedicated support to answer any questions.
A different way of paying into a pension. Salary sacrifice reduces National Insurance contributions, saving money for your business and increasing take home pay for your staff.
With Penfold, salary sacrifice doesn’t need to be a lot more work. We’ll be by your side all the way through with a straightforward switching process and Q&A sessions for your employees.
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
Before Penfold, our pension scheme just wasn’t fit for purpose. We weren’t able to offer salary sacrifice and all employees who were earning above the basic tax rate had to claim back directly from HMRC
The support offered by Penfold on the implementation and day-to-day support has been superb, and reduced the amount of work that the finance team had to do previously.
Mobeen Rasheed
Head of Finance at Attest
We hate hidden charges. That’s why we have one fee that covers absolutely everything within our service.
Combine pensions into one account to see total pension savings and get a clear view of projected retirement lifestyle.
Have peace of mind that pension savings managed by Penfold will be looked after, no matter what the future holds.
Hand-picked, diversified pension plans backed by BlackRock and HSBC funds that help grow wealth.
Salary sacrifice is a government scheme designed to help employers and employees reduce their tax bill by swapping part of their salary for another benefit. Read more in our What is salary sacrifice? article.
Salary sacrifice pensions are a tax efficient way for employers and employees to pay into a workplace pension scheme. They can help employees increase their take home pay and help employers lower their National Insurance contributions. Find out more in our Salary sacrifice for pensions explained article.
There are pros and cons of using salary sacrifice to make pension contributions. Find out what they are in our Is salary sacrifice worth it? article.
