Metro Bank and Husky

Salary exchange calculator

See the savings your company could make today with our Salary Exchange calculator.


  1. Is Salary Exchange allowed? Absolutely. It’s Government endorsed and used by most large corporates to reduce their tax bills whilst showing appreciation to their staff.
  2. How does Salary Exchange work? Salary Exchange is a different way of making pension contributions that reduces the National Insurance tax that both you and your employees pay. Have a look at this simple video here.
  3. What are the benefits of a pensions Salary Exchange scheme?
    • Both employers and employees save on National Insurance Contributions (NIC)
    • Employers can reinvest any NIC savings in their business or their employees’ pension plans
    • Employees get a higher take-home pay
    • Employees can get a bigger retirement pot if the employer reinvests it back into their plan
    • High earners get their tax relief immediately and do not have to claim it through their tax return
  4. Will I have to change my payroll provider or accountant? No. Our partner will liaise directly with your accountant/payroll provider for you, no changes are required. If you would like for our partner to also run your payroll for you, they can do that.
  5. Will I have to change my pension provider? No, there is no need to change your pension provider. However, if you want to explore pension providers that are available for your company, our partner will run you through their pension scheme comparator and transfer your staff to a new pension scheme at no extra charge. 
  6. Will it cost more? Actually not! By implementing Salary Exchange, your company will be saving money on National Insurance contributions so in 99% of the cases, although you pay a fee to our partner, you will be saving money.
  7. Will it take much of my time? No. Our partner has automated the whole process to make sure it’s as simple as possible for you and your staff.
  8. What will it cost? Typical fees to the employer are around £30 per month, which is less than what most will save on their tax bill. Employees don’t pay anything.
Reduce your tax bill

Salary Exchange

Implementing Salary Exchange reduces the National Insurance tax that both you and your employees pay. Used by large corporates to reduce their tax bills, it also puts more money in employees’ pockets.

Our short video explains how it works.

The Husky Service

Husky makes it easy to manage all aspects of workplace pension admin and compliance – while supporting employees’ financial wellbeing.

Our cloud-based workplace pension platform has been developed over 5 years in line with The Pensions Regulator and scheme providers. We’re proud to be a recognised leader in the pension technology space, and the new Husky for Everyone app takes this leadership to a new level.

End-to-end pension management

Our expert team monitors the entire workplace pension process for you, freeing your time.

Compliance management and breach rectification

We find auto-enrolment incorrectly set up in more than half the companies we help. We ensure you’re always fully compliant.

Salary Exchange setup

Salary exchange boosts your people’s retirement savings and net pay while saving you money too. 

Guided pension scheme choice and set-up

Save up to 80% for you and your people through Husky’s online comparison service.

Husky for Everyone app for staff

This simple and innovative app lets your people see their pensions grow, as easy to use as online banking.

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