Help Centre for Employees

Salary sacrifice – what does it mean for members?

Your employer may offer you the option of salary sacrifice. If so, you can give up part of your salary (your sacrifice), which your employer then pays into your pension, along with their contribution to the scheme.

As you’re effectively earning a lower salary, both you and your employer pay lower National Insurance Contributions (NICs). Your employer may pay part or all of their NIC saving to your pension too (although they don’t have to do this).

NOW: Pensions has a good technical infrastructure combined with a pension product suitable for our team. We couldn’t be happier with NOW: Pensions.
Martin Woods, SALT.agency