What is salary sacrifice?

Salary sacrifice

More ways to save on the things that matter most

Salary sacrifice lets your employees swap some of their salary for a non-cash benefit — like childcare, groceries, or a bike for commuting.

It can be a great way to help your team make big savings on life’s essentials and spread the cost of larger purchases.

How does it work?

Any salary your employees choose to sacrifice is deducted before tax and National Insurance is calculated.

Employees don’t pay any National Insurance on salary sacrifice benefits, but some tax may be due*
Some benefits offer tax savings too!
Some benefits offer employer savings via National Insurance

*any tax that’s due can be applied each month by payrolling, or at the end of the year via P11D

Why offer salary sacrifice?

Salary sacrifice is a powerful employee benefit, and its benefits to your business go beyond the obvious.

Gives your employees bigger savings than regular discounts
Can often be combined with promotions for extra savings
Lets you offer a broad range of benefits, so there’s something for everyone
Great for staff retention — lowers the cost of living for employees at your company
Some employees may discover “hidden benefits” — for example, their salary after deductions may mean they qualify for additional government benefits like childcare support

Mintago has more schemes than any other UK provider

Childcare

Groceries

Pension

Subscriptions

Tech & Mobile

Car mantenance

Cycling (Cycle-to-work)

Electric Vehicle Leasing

Gym

Refurbished tech

By Mintago Team

Mintago is an FCA regulated company that helps businesses save on their workplace pension NI costs and improves the financial wellbeing of their employees. For the employer, Mintago provides a salary sacrifice pension hassle-free implementation program which creates direct savings on monthly (National Insurance) NI payments. We manage the whole process including communication, compliance and ongoing management. No need to switch pension provider, either. For the employee, Mintago’s unique financial wellbeing platform helps find lost pensions quickly, manage employee pension contributions, while helping them understand their financial situation with over 1,000 pieces of content.