At Maji, we’re proud to support forward-thinking companies in supporting their employees with financial wellbeing. We also help them make a tangible financial difference to their companies and their employees’ payslips through salary sacrifice (otherwise known as salary exchange). We’d like to highlight two case studies from the tech sector that showcase the benefits of […]
Category: Pensions for Employers
Learn more about workplace pensions – how to set them up, run them and make the most of them to help your employees save for tomorrow.
Saving money with salary sacrifice: beyond pensions
If you’ve spent any time on the Maji blog, you’ll already know that a salary sacrifice pension arrangement is a great way to save money for your company and employees. But did you know there are other types of salary sacrifice scheme you can set up to gain even more benefits? In this article, we’ll […]
This simple change could give people on National Minimum Wage a payrise
The National Minimum Wage (NMW, or sometimes known as National Living Wage) was introduced in 1999, and it’s since helped millions of people by raising their pay (without destroying job opportunities, as some naysayers feared). But workers on or near NMW are missing out on a benefit their higher-earning colleagues are taking advantage of. You […]
Top 4 things to avoid for a successful salary sacrifice switch!
It’s tempting to think about implementing salary sacrifice without any external help. After all, what could be so hard about getting people to take part in a scheme that saves them money? But going it alone can be stressful and lead to poor results. In this article, we set out four top tips to get […]
Government benefits and salary sacrifice: what do I need to know?
In salary sacrifice, a person exchanges their pay in return for their employer making an increased pension contribution. Salary sacrifice therefore affects how much a person receives in pay from their employer and can have an impact on any pay-related benefits. In this article we will explain in detail how salary sacrifice can affect statutory […]
Salary sacrifice & parental leave
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 […]
Boosting pension engagement
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 […]
How to choose an ethical workplace pension
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 […]
Read this if you’re thinking of changing pension provider
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, […]
Seven ways to improve your pension offer
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 […]