Salary sacrifice
schemes
An NI and tax saving solution tailored for SMEs –
save money for your business and your people
with salary sacrifice schemes.
Think NI savings. Think Maji.
The benefits of salary sacrifice schemes
Increase take-home pay for employees
Help employees keep more of what they earn through tax-efficient benefits
Attract and retain top talent
Stand out in the market with a benefits package that employees love.
Boost employee wellbeing
Reduce stress and empower your team with tools and education for financial security.
Types of salary sacrifice schemes
Salary sacrifice schemes
Pension salary sacrifice
Childcare salary sacrifice
Cycle to work
Home and tech purchases
Electric cars
Calculate your savings
Use our NI savings calculator below to instantly estimate your tax savings by offering salary sacrifice benefits.
Schemes
Savings
Number of employees taking up benefit
Employees
Pension salary sacrifice
£0
Pension coaching
£0
0
Workplace nursery
£0
Electric car
£0
Cycle to work
£0
£0 a year in savings
Estimates are based on certain assumptions
Assumptions
- Assume pension contributions on full salary, with average employee contribution of 5%
- On average 40% of employees increase pension contributions from pension coaching
- UK average nursery fees of £15,600pa. On average 7% of employees have children at nursery
- Average savings per car leased are £1000 pa
- UK average spend on cycle equipment is £900
- NI rate of 15%
Contact us now for a more accurate savings calculation
Boost your employee benefits package with Maji
When you sign up to Maji as an employer, you’ll not only reduce your NI bills but also support your employees with valuable tools and resources to manage their money better.
Here’s what you’ll get from Maji as part of our financial wellbeing platform:
Money management tools for your employees
Financial education resources
Access to our academy with on-demand learning modules. Webinars and guides to empower employees financially
Financial planning and budgeting tools
Access to our budget tracking tool to identify weak points in your spending habits. Financial planning tools for future readiness
Pension coaching that boosts savings
Access to our pension coaching programme that helps employees build a secure future and increases your NI savings by 50%
Exclusive retail deals and discounts
Exclusive deals and discount offers from leading retail brands including grocery stores like Tesco, Asda and Sainsbury’s
Access to money experts
Unlimited 1-1 financial coaching sessions
Expert guidance from certified financial coaches who help shape a financial plan
Free sessions with a mortgage advisor
Expert support to help employees navigate home buying
Free sessions with a financial advisor
Access to certified financial experts to support employees with financial uncertainties
Discounts on wills
Affordable estate planning solutions and will writing services
All-in-one benefits hub
Access all your benefits in one place with ease. Add, edit, or manage your benefits seamlessly, whether they’re within or outside of the Maji offering.
How salary sacrifice works
Salary sacrifice schemes are a simple, tax-efficient way to save money for your business and your employees. Here’s how it works:
Employee agreement
Employees agree to give up a portion of their gross salary in exchange for a non-cash benefit, such as pension contributions, electric cars, or childcare
Tax and NI savings
The sacrificed portion of their salary reduces taxable income, lowering the employees’ National Insurance (NI) and income tax liabilities
Cost neutrality for employers
Employers save on NI contributions while offering high-value benefits, reducing the effect of increased NI costs
Immediate impact
Employees enjoy more take-home pay or valuable benefits, while employers reduce costs – creating a win-win situation
Salary sacrifice is quick to set up, fully compliant with UK regulations, and a proven way to save money while supporting your workforce.
Why Maji for salary sacrifice?
With Maji’s expertise in supporting SMEs with valuable financial wellbeing technology, this partnership delivers a solution that works for you, your employees, and your bottom line.
Think NI savings. Think Maji.
The easiest way to get started is to book a meeting with our team who can answer any questions or map out your potential savings depending on your requirements.
From there, we’ll send you a proposal to take to your business.
