Mintago

Rachele Carraro

Anna Mcevinney

Frequently Asked Questions on Salary Sacrifice

Salary Exchange

What is salary exchange?

An overview of the primary benefits (increased take home pay / pension contributions) and secondary benefits (working & child tax credits)

How does Salary Exchange benefit me?

What can salary exchange be used for

Salary exchange isn't for everyone, see here for the list of limitations.

What are the limitations of salary exchange?

Can I stop Salary Exchange at any point?

A new headline pay that means you don't miss out on any benefits as a result of salary exchange

What is reference pay?

How does salary exchange work

They will look different. Read on to find out why...

How does salary exchange change my payslip and P60?

The State Pension that you will receive is based on the number of NI contributions made during your working life, not the amount of NI paid.

Does salary exchange affect my State Pension?

Very few people are affected, if you are working just a few hours per week then you should consider the impact on your entitlement to SSP.

Does salary exchange impact sick pay?

Does salary exchange impact any future pay rises?

How does salary exchange impact my take-home pay?

Two ways to pay your pension: net pay way (you pay NI on this) and the salary exchange/sacrifice way (you don't pay NI on this).

How does salary sacrifice impact my pension?

What impact does salary exchange have on parental leave

Salary exchange and Maternity/Paternity Leave

Does salary exchange have an impact on my mortgage?

How does salary exchange impact...

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