Mark Ormston: Key considerations to introducing a salary sacrifice pension scheme

Oct 14, 2021 - Employee Benefits - UK

When introducing a salary sacrifice pension scheme, early engagement with payroll is key, as it is vital to involve them as soon as possible in the discussions. An employer may discover the systems or software currently being used have certain limitations or missing functionality to meet desired requirements.

Employers should consider any additional payroll processes they may wish to implement. For example, they might wish to complete periodic checks, say, once a quarter, to ensure no one ...