Pension salary
sacrifice
Maximise business savings and employee benefits with a quick fire pension contribution solution.
Think pensions. Think Maji.
What is pension salary sacrifice?
Pension salary sacrifice is a cost-effective way for employers to enhance their employee benefits package while saving on National Insurance (NI) contributions. By allowing employees to exchange a portion of their gross salary for additional pension contributions, you can offer a tax-efficient solution that boosts retirement savings for your workforce and reduces your business expenses.
The benefits of pension salary sacrifice schemes
Effortless pension administration
Easily manage pension salary sacrifice participation with our streamlined digital platform.
Save on living costs for staff
Stand out in the market with retail deals and discounts that employees love.
Boost employee wellbeing
Reduce stress and empower your team with tools and education for financial security.
Or view all salary sacrifice options here 
How pension salary sacrifice works
A pension salary sacrifice scheme is quick and easy to implement – and a great place to start as part of your employee benefits strategy. Here’s how it works:
Employee agreement
Employees agree to a change in how their pension contributions are paid. You as the employer will pay their pension contributions for them, and exchange the amount out of their gross salary.
National Insurance savings
The exchanged or sacrificed amount reduces the employees’ taxable salary. Their NI tax bill goes down, and so does yours.
Money to invest
Employers can reinvest NI savings into employees’ benefits or other business priorities.
Think you’re missing out on savings? We get our clients set up in days!
Calculate your savings
Use our NI savings calculator below to instantly estimate your tax savings by offering salary sacrifice benefits.
Schemes
Savings
Number of employees taking up benefit
Employees
Pension salary sacrifice
£0
Pension coaching
£0
0
Workplace nursery
£0
Electric car
£0
Cycle to work
£0
£0 a year in savings
Estimates are based on certain assumptions
Assumptions
- Assume pension contributions on full salary, with average employee contribution of 5%
- On average 40% of employees increase pension contributions from pension coaching
- UK average nursery fees of £15,600pa. On average 7% of employees have children at nursery
- Average savings per car leased are £1000 pa
- UK average spend on cycle equipment is £900
- NI rate of 15%
Contact us now for a more accurate savings calculation
Why Maji?
With Maji’s expertise in supporting SMEs with valuable financial wellbeing technology, this partnership delivers a solution that works for you, your employees, and your bottom line.
Maji embeds the pension into an employee’s financial journey, improving engagement through a holistic financial planning experience, coaching journeys, connection with financial experts and masterclasses. As part of our service offering, you’re guaranteed:
Seamless Setup
Our team handles everything from design to implementation with minimal disruption.
Compliance Expertise
We ensure your scheme meets all regulatory requirements and is HMRC compliant.
Tailored Solutions
Our solution is customised to fit your organisation’s needs and workforces’ varying demographics
Proven Impact
Enhance employee engagement and retention while delivering measurable savings
Think beyond pensions. Think Maji.
Financial wellbeing is complex but we’ve got a simple solution fitted for every business and employee profile.
Here’s what you can get from Maji as part of our financial wellbeing platform:
✔ Salary sacrifice schemes
Pension salary sacrifice
Childcare salary sacrifice
Cycle to work
Bonus exchange
Electric cars
✔ Money management tools for your employees
Financial education resources
Access to our academy with on-demand learning modules. Webinars and guides to empower employees financially
Financial planning and budgeting tools
Access to our budget tracking tool to identify weak points in your spending habits. Financial planning tools for future readiness
Pension coaching that boosts savings
Access to our pension coaching programme that helps employees build a secure future and increases your NI savings by 50%
Exclusive retail deals and discounts
Exclusive deals and discount offers from leading retail brands including grocery stores like Tesco, Asda and Sainsbury’s
✔ Access to money experts
Unlimited 1-1 financial coaching sessions
Expert guidance from certified financial coaches who help shape a financial plan
Free sessions with a mortgage advisor
Expert support to help employees navigate home buying
Free sessions with a financial advisor
Access to certified financial experts to support employees with financial uncertainties
Discounts on wills
Affordable estate planning solutions and will writing services
✔ All-in-one benefits hub
Access all your benefits in one place with ease. Add, edit, or manage your benefits seamlessly, whether they’re within or outside of the Maji offering.
Got questions? The Maji blog has the answers.
6 min read
Bonus exchange salary sacrifice: UK employer guide
4 min read
The 2025 Budget update: What’s happened and how it will affect your team if you’re using pension salary sacrifice
7 min read
Why opting out of your pension might cost you more than you think
8 min read
Relief at source vs net pay vs salary sacrifice: your options explained
Think pensions. Think Maji.
The easiest way to get started is to book a meeting with our team who can answer any questions or map out your potential savings depending on your requirements.
From there, we’ll send you a proposal to take to your business.
