Employers which use a salary sacrifice arrangement for employee contributions to their organisation’s pension scheme are saving an average of £367.71 per year per member.
The figure is the result of Johnson Fleming’s internal research, the Johnson Fleming Salary Sacrifice Analysis, which polled 8,633 employees. Among respondents, the average employee contribution rate was 5.7% and the average salary was £50,135.
The majority (89%) of respondents that use pensions salary sacrifice have it as the default option for employee contributions, and 85% also operate a bonus waiver scheme.
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