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.
Free 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.
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 Advisers:
Introduce Penfold to five clients like this and you’ve helped save £93,750 – seriously strengthening your advisory offer.
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.
Built for employers and advisers
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 advisers:
- White-label setup for your clients
- Branded employee onboarding resources
- Expert support for scheme admin
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.
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.
