Scottish Life has launches advice on new pensions solutions, salary sacrifice schemes.
The company claims such initiatives would be "attractive" and "cost-effective", enabling both employers and employees to have a financially-neutral position.
Salary sacrifice schemes can run alongside existing pensions offerings and offer people a way to increase their contributions .
Commenting on this new development, Jamie Clark, occupational pensions marketing manager at Scottish Life, said: " Salary sacrifice is enjoying something of a renaissance, with many large employers in the UK now offering this as part of the benefits package."
He added that, while a reduction in salary may seem unattractive, initially an arrangement can be reached were employees' take home pay remains the same but their pension contributions rise.
Meanwhile, the National Association of Pension Funds recently advised that company pensions are the way to best prepare for retirement .
The body's senior policy advisor Michelle Lewis said members of such schemes enjoy tax relief on their contributions in addition to employer contributions.
Scottish Life advises on salary sacrifice schemes
Pensions Quote Line
0845 108 0505
Scottish Life advises on salary sacrifice schemes
Wed, 27 Aug 2008
Recommended links
Pensions information and comparison portalPensions enquiry form
Compare today's pensions providers
Company pensions
Transferring company pensions
Tax on company pensions
SIPPs guide
"British pension schemes face serious deficits"
Final salary pension schemes a popular perk, study shows
Final salary pension schemes damage company profit
Company pension schemes closing, study shows
NAPF comments on pension schemes
Government Body Undervalued Company Pension Schemes Deficit
Cameron calls for reform of MP pension schemes
Brits not joining pensions schemes "are losing out"
Members of pension schemes may be worse off in retirement
Older people make excuses for not saving money in pension schemes
Risk sharing schemes for pensions could be beneficial, says Farr
Royal Mail will close some pensions schemes
Final salary pension schemes could all be gone in a decade
Pensions.co.uk is part of a large network of financial sites created to help advise you on life events, such as buying a house, Mortgages.co.uk; insuring your car - CarInsurances.co.uk; your life - LifeInsurance.co.uk; and your home - HomeInsurance.co.uk.
1998 - 2009 UK Pensions - Planning before, at the onset and during retirement.
| pensions news |
|---|
| State pension age should be raised to 70 - Mon, 01 Mar 2010 |
| NAPF urges government to reform pension plans - Fri, 26 Feb 2010 |
| ONS reveals cut in special pension contributions - Wed, 24 Feb 2010 |
| More News |
Pensions Newsletter
Please enter your email below and subscribe to our monthly newsletter
Save on Your Mortgage
Would you like to save money on your mortgage? Fill out our quick mortgage enquiry form.
Protect Your Health
Find Critical illness, Life and Private Medical Insurance PMI policies.