Salary Sacrifice Options - Post Budget Implications

Making Pensions more tax efficient

The Autumn Budget has brought some major changes, including a 1.2% increase in employers’ National Insurance Contributions (NIC), jumping from 13.8% to 15%, alongside a lower NIC earnings threshold, down from £9,100 to £5,000, effective April 6, 2025. Understandably, this means higher employment costs for many businesses, putting pressure on budgets and future planning.

At Corpad Employee Benefits, we understand the challenges these changes bring, and we’re here to help you navigate them. Implementing Salary Sacrifice within your Workplace Pension Scheme is a powerful way to mitigate the cost increase. By making pensions more tax-efficient, businesses can secure meaningful savings while maintaining employee benefits.

Get Ahead of the Impact! Our Salary Sacrifice options are designed to provide a win-win for your team and your bottom line. Click here for our latest Post-Budget update and to see a working example of potential savings.