Lowering Costs

Salary sacrifice (or exchange)
This is a government-approved process that's been used by many large employers. In short, by reducing the employee’s salary by the amount of their pension contribution, national insurance contributions aren't payable on the amount of salary given up or ‘exchanged’. Both you and your employees are better off as a result. Take a look at how much you could save:

Annual Employer Pension Cost Savings



  
Postponement 
You can choose to delay when you start auto enrolment by up to three months. Not just at outset, but also for all new employees. This can create significant cost savings too:
 
The examples shown here are based on employees earning national average earnings with minimum contributions for auto enrolment being paid. 




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Steggles & Co Ltd is Authorised and Regulated by the Financial Conduct Authority. Financial Services Register Number 403458.
Registered in England & Wales, Company Number 05199281. Registered Office address: BMW House, Arterial Road, Eastwood, Leigh-on-Sea, Essex, SS9 4XX. Trading address: Same as registered. Telephone: 01702 511144
The guidance and or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted to customers in the UK.
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