You might have heard of salary sacrifice (or its less unsettling name, salary exchange) before; you might even have been lucky enough to have this arrangement for your workplace pension, electric vehicle or a cycle to work scheme in a previous job. When it comes to making contributions to your employees’ pensions, it’s the most […]
Pensions can be a paradox: super important for our futures, but something a lot of us just don’t want to think about. After all, saving for the distant days when we’re old and grey can feel, well, boring – and difficult, if we have lots of competing needs demanding our money right now. But, as […]
Switching to a salary sacrifice pension arrangement for your employees makes a lot of sense. After all, both your company and your employee can save money with this scheme through reduced NI payments. But, to maximise your employer savings and make sure employees are getting the most out of it, you’ll want to make sure […]
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 […]
At Maji, we’re proud to support forward-thinking employers with their financial wellbeing strategies. We also help employers make a tangible difference to their bottom line and their employees’ payslips through salary sacrifice schemes (otherwise known as salary exchange). We’d like to highlight two case studies from the tech sector that showcase the benefits of making […]
ESG and sustainable investing in a nutshell It’s easy to get jargoned-out when learning about investing, but ESG is one acronym you might want to remember. So, what is ESG investing? It’s also known as ‘sustainable’ or ‘responsible’ investing, but the ESG title (Environmental, Social and Governance) helps to pin down what that covers in […]
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).
