Cycling to work isn’t just good for your employees’ health – it’s one of the most straightforward, cost-effective salary sacrifice schemes available to UK employers. Cycle to Work salary sacrifice enables employees to lease a bicycle and cycling equipment through their gross pay, spreading the cost while saving on Income Tax and National Insurance. For […]
For many employees, time is the ultimate currency. Whether it’s managing childcare, pursuing a hobby, or simply preventing burnout, the ability to “buy” extra rest is a high-value benefit. For employers, holiday exchange is one of the few benefits that can actually reduce overheads while simultaneously increasing employee satisfaction. By allowing staff to trade salary […]
For many employees, a performance bonus can feel underwhelming once 42% or 47% Income Tax and National Insurance (NI) are deducted. For employers, bonuses are also one of the most heavily taxed forms of reward – increasing both payroll costs and Employer NI liability. So, is there a smarter middle ground that benefits both the […]
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 […]
After weeks of speculation, the UK’s November 2025 Budget has introduced proposed changes to pension salary sacrifice schemes – also referred to as pension salary exchange – which allow employees to exchange part of their salary for increased pension contributions. In this article, we’ll summarise what’s been announced, what it could mean for employees and […]
When you’re building your company’s benefits package, it can be hard to know where to focus your efforts. Invest in a couple of big-ticket items, or create a suite of smaller benefits? Benefit stacking, or putting together a range of lower-cost options, can actually help you make a bigger impact on your employees without needing […]
Pension contribution methods can be confusing, and the way tax relief is applied varies depending on the method your employer uses. In fact, recent research shows that over 40% of UK employees don’t fully understand how their pension contributions affect their take-home pay, making it harder to plan for the future. Tax relief is a […]
The government’s ‘Free Childcare for Working Parents’ scheme aims to cut the cost of childcare by providing eligible families with 30 free hours per week (from September 2025). The scheme is available for working parents, but not those who earn (or whose partner earns) an adjusted net income of over £100,000. This can leave some […]
From higher National Insurance bills to bigger energy costs, many businesses are facing a squeeze right now. This can be especially true for SMEs, who need to make sure every pound is accounted for. So when it comes to retaining and rewarding the best employees, increasing salary can be tough, especially when that comes with […]
Your business may have a number of different goals – and I’m betting that one of them is to make money, if you’re in the for-profit arena. But it’s also important to develop your ESG goals alongside. ESG stands for Environmental, Social and Governance: i.e. the ways in which you might seek to make a […]
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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).
