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Usually, pension contributions can be net of income tax, but not National Insurance contributions (NIC). Salary sacrifice is a written agreement between an employee and their employer, whereby the worker forgoes some of their salary and the employer makes extra pension contributions on their behalf. As the extra contribution is equivalent to the NIC, the employee still has the same take home pay. However, having a smaller salary may affect the employee’s death-in-benefit cover and other factors.

If you haven't found all the answers that you are looking for you can find similar content in the Pension Glossary sections, contact an adviser at the top of the page, or you could try these related posts:

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