What is salary sacrifice? #salarysacrifice #savingforretirement #financialplanning

In this information packed episode, we explore the pros and cons of Salary Sacrifice, also known as Salary Exchange. Whether you're an employee looking to accept salary sacrifice, an employer considering salary sacrifice for your employees, or if you’re looking for a simple refresher, we hope you take something useful away from this video.

In this video we’ll touch on the subject of Auto Enrolment and get a handle on how much, as a minimum, goes into the standard workplace pension scheme.

We’ll then take a look at how an employee and an employers pay is added to a workplace pension. We’ll then use this as a basis of comparison against Salary Sacrifice.

Once we have these areas covered, we’ll look at how salary sacrifice works in practice and just how much our example investor can save by accepting the exchange.

This video, and our channel, aims to make the often-complex world of finance simple and understandable for everyone. For a transcript of this video, along with further reading and guidance, visit our learning portal here:


If you’re an employee or an employer weighing up the use of Salary Sacrifice, or wish to discuss any other areas of finance, don’t hesitate to leave us a comment or get in touch directly.

00:00 Introduction
00:55 What is Auto Enrolment?
01:26 How much is going into my workplace pension?
02:41 What is Salary Sacrifice?
05:02 Salary Sacrifice in practice
07:15 How much can you save with Salary Sacrifice?
08:04 Should I accept Salary Sacrifice?
08:39 Conclusion

No financial decisions should be taken based on the content of this video. The guidance contained within this video is subject to the UK regulatory regime and is therefore primarily aimed at viewers in the UK. Always take full individual advice first. Regulations and legislation governing taxation, investments and pensions may change in the future.

The content in this video is accurate as of the 2024-25 tax year.

#taxsavings #pensionplanning #retirementplanning

[SemiffGrid]

I am 62 and want to work for about another 8 years, I have a private pension and I am thinking about contributing my full pay into my work place pension or something along these lines. Is this a good idea? Thank you for this video!