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Salary Sacrifice: Pension Contributions
Where employees contribute to their employer’s pension arrangement, salary sacrifice offers savings to both employees and the employer. It also fits in well with employers who want to be flexible and progressive in the remuneration package they offer.
Salary sacrifice arrangements are more commonly applied to defined contribution (money purchase) pension plans but can also be considered for defined benefit schemes too. Trust based pension schemes would need an appropriate amendment to their trust deed and rules.
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