Boost staff take-home pay whilst paying less National Insurance. With Salary Exchange, you can put more cash in your employees’ pocket each month, potentially more funds in their pension pot and more cash left in your business to spend as you please.
However, the implementation and monthly administration might be complex. That’s why Moore Kingston Smith (MKS) has partnered with Husky, the workplace pensions specialist that make the Salary Exchange process easy through automation.
Right now the employee and employer pay National Insurance on the gross salary. They then separately contribute to the workplace pension. But if the employer paid their employees workplace pension directly and the employee reduced their gross salary by that amount, then both the employer and employee pay less National Insurance.
With Husky’s cloud-based workplace pension platform and employee app, the entire salary exchange process is seamless.
You’re legally required to offer your employees a pension and re-enrol them at regular intervals. The auto-enrolment legislation is complex, and the penalties for non-compliance are hefty.
Husky delivers pension choice, gives you peace of mind that you’re compliant, and frees up your time and resources.
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.
Moore Kingston Smith can provide the following services to you and your staff for an extra fee. Contact us below to know more.