Our bulk salary exchange facility is ideal for large group schemes, and will save you the effort of carrying out numerous calculations using our individual calculator
At tender stage
- A scheme level snapshot of the saving the employer stands to make
- Before and after scenarios for each member, reflecting salary, NIC payments and pension contributions.
At the moment, we believe that salary exchange doesn't work seamlessly with the auto-enrolment process. Employers can't make an agreement for salary exchange a pre-condition for auto-enrolment. However, employers can choose to operate salary exchange before or after the auto-enrolment process or use it as an alternative contribution basis to a default basis (without sacrifice). Alternatively, employers can look into amending contracts of employment to have the same effect as salary sacrifice. Employers may need to take expert advice on salary sacrifice before deciding what they want to do.