Salary sacrifice

Free-of-charge salary sacrifice consultation and implementation

A neat tax hack that leaves both employees and employer better off without reducing pension contributions.

Our team of salary sacrifice pension experts help you…

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.

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What is salary sacrifice and how can it work for your team?

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.

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Free consultation and easy implementation

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.

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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

      How does salary sacrifice save employers money?

      More benefits of our pension

      Charges & fees

      We hate hidden charges. That’s why we have one fee that covers absolutely everything within our service.

      Find out about our fees

      Single savings view

      Combine pensions into one account to see total pension savings and get a clear view of projected retirement lifestyle.

      See the easy way to combine


      Peace of mind that savings are FSCS protected and invested by some of the largest money managers in the world.

      Learn how we protect savings

      Fund options

      Hand-picked, diversified pension plans managed for you by BlackRock and HSBC that help grow wealth.

      Discover our fund options

      Salary sacrifice FAQs

      Request information about our workplace pension

      Join 1,000s of businesses already working with the only pension provider that offers a dedicated account manager.

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