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Salary Sacrifice and Auto-enrollment
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Currently, your Employer is only obliged to pay 1% of your salary, they are paying 3%. Surely that's something to be happy about?
However you've got me thinking, as our pension works on 1% of total earnings, and if someone is in the childcare voucher scheme, it still uses their pre sacrificed amount to work out their 2% ER & EE.0 -
However you've got me thinking, as our pension works on 1% of total earnings, and if someone is in the childcare voucher scheme, it still uses their pre sacrificed amount to work out their 2% ER & EE.
It isn't uncommon - my employer uses "reference salary" e.g. pre-sacrifice for all contractual benefits.0
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