Only one fifth of employers are not making provision for staff to take advantage of tax breaks around workplace savings, according to research by Employee Benefits.
The Employee Benefits/Premier pensions and workplace savings research 2012 found the number of employers offering no provision has fallen to 20% from 57% in 2011, 71% in 2010 and 67% in 2009.
The types of workplace savings respondents make available for staff to take advantage of tax breaks include salary sacrifice for pension contributions (72%), sacrifice their bonus into their pension plan (56%) and move maturing shares into a corporate Isa.
The research also found that only 24% of respondents say that they currently offer any form of workplace savings products alongside their pension scheme.
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