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 […]
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 […]
Every September, we recognise two key campaigns in the financial wellbeing market: 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. […]
What is the workplace nursery scheme (also known as childcare salary sacrifice)? The workplace nursery scheme, also known as childcare salary sacrifice, allows employees to pay for their children’s nursery fees on a salary sacrifice basis. As with other salary sacrifice benefits, employees enter into an arrangement where their employer pays the nursery fees for […]
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 […]
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 […]
The ongoing cost of living crisis continues to put pressure on employees’ finances, wellbeing, and productivity. Rising bills, higher borrowing costs, and stagnant wages mean many workers are struggling to make ends meet, and employers are feeling the ripple effects through increased stress, absenteeism, and reduced engagement. Now more than ever, businesses need to think […]
The cost of living crisis has hardly been out of the headlines. And for good reason: rising prices for lots of essentials like food, fuel and energy, are forcing many people into financial stress. In our previous blog, we gave you three top tips for supporting your employees through this tough period. Now, we’d like […]
The cost of living crisis is becoming hard to ignore. We’re facing higher energy bills, higher food costs, and rising inflation, all of which can pose serious risks to our financial, physical and emotional wellbeing. All of this can have a major impact on performance at work, making it a potential problem for employers. But […]
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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).
