Salary sacrifice is a way for your employer to make contributions to your pension that saves you income tax and National Insurance contributions.

Instead, these levies are invested in your pension fund.

Frozen Income Tax allowances and increased National Insurance makes the option of salary sacrifice as a way to fund your pension more appealing – you could say that it’s just got supercharged.

Making pension contributions via salary sacrifice can save you and your employer National Insurance contributions. It will also be an attractive option when the new Health and Social Care Levy is introduced in 2023. Find out why and how salary sacrifice works.

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