Salary Sacrifice

Salary sacrifice allows you to increase the amount of your income that you allocate towards your personal pension pot. And, contributions to your pension are not subject to tax and National Insurance – making salary sacrifice a very tax-efficient way to save for your future.

You can choose how much you want to boost your personal pension pot by. Most commonly, contractors using salary sacrifice will choose a set amount, or a percentage of their earnings.

Salary sacrifice isn’t for everybody. However, it might be a perfect method of saving for your retirement if:

• Your priority is growing your pension pot.
• You’re a high-earner.
• You have additional income.
• You are happy to see your monthly pay retention decrease (because you’ll be allocating more of it towards your pension).
• You’re nearing your planned retirement date

Our experts can provide you with a take home pay projection based entirely on your circumstances.

To find out more about salary sacrifice or request a calculation, please contact us today using the form on this page or by calling 01707 871622.

If you don’t have a personal pension already set up – don’t worry! Churchill Knight Umbrella has teamed up with specialist Financial Advisors.

If you’re interested in salary sacrifice, we would be delighted to pass your details onto a professional Financial Adviser and they will contact you at a convenient time to offer you a free consultation. Once you’ve found the right pension provider for your circumstances, we can set up salary sacrifice quickly and without any complications.

There is no obligation to use our recommended Financial Advisor, or to set up a personal pension plan. Contact us for more information.