Business Data News

The material incorporates an online calculator, a technical guide for financial advisers, a guide for employers, a guide and ‘ready reckoner’ for employees and a series of presentations for both advisers and employers.

Scottish Life says that salary sacrifice schemes provide an “attractive and cost-effective” pensions solution.

Occupational pensions marketing manager Jamie Clark says: “In the run up to the proposed launch of personal accounts, employers who want to keep their existing pension scheme running will want to drive home the value of the scheme to employees. Setting up a salary sacrifice arrangement is a cost-effective way of doing this.

“Whilst a reduction in salary may seem an unattractive option, an arrangement can be structured so that employees’ take-home pay stays the same while pension contributions are higher.”