Salary sacrifice schemes aren’t just employee perks. They’re powerful cost-saving tools for employers too. But they’re not all made equal. While there are many options out there, only a select few offer meaningful National Insurance savings for both employers and employees. These schemes not only improve financial wellbeing across your workforce, but they also deliver […]
Written in partnership with Hive HR Solutions. As an employer, providing benefits to your employees is a great way to support them, but it also comes with certain tax obligations. One key requirement in the UK is the P11D form, which reports benefits and expenses provided to employees outside of their regular salary. Here’s everything […]
I had a conversation recently that stuck with me A colleague was speaking to a team member who was close to returning from maternity leave. He’d shared a post about the unexpected tax implications of earning over £100k while raising children – a topic that doesn’t often get much airtime. What came next surprised them […]
HMRC salary sacrifice schemes are becoming increasingly invaluable for companies wanting to optimise their employee benefit packages while also managing costs. At their core, salary sacrifice schemes – also known as a salary exchange – offer a way for employers and employees to save money. They’re designed to help everyone make tax-efficient benefit choices that […]
Time strapped? Key takeaways from the blog: From April 2025, employer NI contributions rise to 15% (from 13.8%) with a new £5,000 threshold The average business faces increased costs of around £900 per employee annually Implementing salary sacrifice through Maji can reduce these increased NI costs by 30-60% Quick implementation means you can start saving […]
For employers, supporting financial planning in the workplace is a powerful way to create a more engaged, productive, and resilient workforce. By empowering employees to take control of their finances, you’re not just helping them individually – you’re strengthening your organisation as a whole. Financial planning is a critical building block of financial wellbeing. The […]
As the Chancellor announced an increase in National Insurance (NI) rates from 13.8% to 15% on 30 October 2024, many employers are facing higher costs on the horizon. But there’s a silver lining: salary sacrifice schemes can offer significant savings opportunities for your business, helping to offset these new expenses and keep costs neutral. Here’s […]
As the Chancellor announced an increase in National Insurance (NI) rates from 13.8% to 15% on 30 October 2024, many employers are facing higher costs on the horizon. But there’s a silver lining: salary exchange (also known as salary sacrifice) schemes can offer significant savings opportunities for your business, helping to offset these new expenses […]
We are fast approaching the annual celebration of UK Savings Week and UK Pension Awareness Day. It would be remiss of us not to acknowledge the current financial landscape; where many of your employees are struggling with financial security – the ability to save sufficiently due to rising costs of living. Yet, the importance of […]
The number of employees in financial distress is rising: approximately 80% of employees are impacted by money worries at work and 57% say financial worries are the biggest cause of mental stress.We also know that those who are feeling financially stressed but who don’t feel supported by their employer are twice as likely to look […]
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Maji is the trading style of Maji Financial Wellbeing Ltd, a company registered in England and Wales (Registration no. 11937232). Maji Financial Wellbeing Ltd is registered with the Financial Conduct Authority (Registration no 969225) as the PSD agent of Bud Financial Ltd (Registration no 793327).
