SMART (salary Sacrifice)

horsestache1 | 11:04 Thu 25th Jan 2007 | Business & Finance

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Can anyone tell me about the SMART salary sacrifice scheme, and how it can benefit (or not) both employee and employer.

Also how woule this affect your State Pension?

Thanks

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Your employer pays your pension direct into your scheme and deducts it from your salary at source. That way there's a saving in employer national insurance (12.8% on pay over �97.01p.w.) which they may be prepared to add/share with you. It won't affect your State Pension.

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