PenfoldWorkplace Auto-Enrolment & Private Pension Provider
Cut National Insurance contributions

Free Salary Sacrifice Pension Setup

Penfold offers free salary sacrifice setup and support to help you reduce employer National Insurance, increase pension savings, and remove admin headaches. Whether you’re an employer or an advisor supporting clients, we make it simple.

Implementing Salary Sacrifice in 3 Steps

1. Free Consultation

We assess your business needs or client setup and walk through your potential savings.

2. Tailored Plan

We build a custom salary sacrifice structure designed to maximise savings and employee value.

3. Smooth Implementation

We guide you through setup with ready-to-go templates, step-by-step instructions, and employee comms.

Ongoing Support Included

We offer compliance checks, documentation updates, and reporting to keep your scheme 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 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.

Built for Employers and Advisors

Whether you're running your own payroll or supporting clients, our tools and support make it easy:

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.

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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