In salary sacrifice, a person exchanges their pay in return for their employer paying for a benefit, such as a pension contribution. This reduces the employee’s take-home pay but can also lower taxable income, leading to potential tax and National Insurance savings. However, because salary sacrifice reduces gross salary, it can impact other pay-related benefits, […]
We’re delighted to host this piece by Claire Vane. As Managing Director and Founder of HR consultancy Integrated Resources, Claire is an expert in all things ‘people’. In this article, she dives into some of the complexities surrounding salary sacrifice and parental leave, to help employers and prospective parents navigate their choices. You can read […]
Your workplace pension scheme is probably one of the most expensive benefits you offer your employees. In fact, the average employer contributes £1,305 per employee, per year! Because, in most cases, it’s a mandatory expense, many employers don’t even think about whether employees engage with their pension. But leaving it to one side runs the […]
In our previous blog, we set out the things you might think about when choosing a new workplace pension scheme for your company. But are you considering ESG (the ethical, social and governance implications) when looking for a new workplace pension provider? This article helps you choose an ethical workplace pension scheme. Although many people don’t […]
For many companies, setting up the pension is a tick-box exercise. After all, when you’re a small team responsible for everything from hiring employees to sales and marketing, getting your pension scheme underway can understandably come bottom of the priority list. But somewhere down the line, there comes a point when you want your pension, […]
Changing pension provider can be costly and time consuming. The good news? You don’t need to change pension provider to offer a market leading pension package. Here we’ll detail the seven things you can do to improve your package. Your pension package matters In today’s jobs market, prospective employees are on the lookout for generous […]
A salary sacrifice pension arrangement is a win-win for you and your employees. We tell you what you need to know before making the switch. […]
You’ve nearly finished setting up your workplace pension as a new employer. How do you set up pension contributions in payroll and make payments into your scheme? […]
Men have 40% more than women in their pension. But, knowledge is power – and this International Women’s Day, we share why there’s such a gap and how women can take control of their future and close the gender pensions gap. […]
This article looks at why you should engage your employees with their pension and how to go about this as an employer. […]
Blog
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).
