With auto enrolment now well established and working well, employers need to look ahead and plan effectively for stage two.
From April 6th 2018 employers will need to double their minimum contributions from 1% to 2% and then plan for a further 1% increase from April 2019. This will mean significant additional costs for both employers and employees alike.
If you’re looking to explore mutually beneficial ways of sharing the financial commitment, Salary Exchange offers a convenient and practical solution. Salary Exchange enables employees to buy benefits or increase pension contributions in a tax efficient way, with very little or no cost to themselves or you, the employer.