Helping Your Business
Reduce National Insurance Costs
Rising costs don’t have to mean tough choices. Discover how salary sacrifice can protect your bottom line and support your employees.
What’s Changing and Why It Matters
New National Insurance rules could cost businesses thousands – here’s what you need to know.
Starting April 2025, businesses across the UK will face higher National Insurance costs, driven by a rate increase and a lower threshold. For many employers, these changes mean significantly higher payroll expenses.
How the National Insurance Increase
Will Impact UK Businesses
Businesses like Currys and Sainsbury’s are already reporting cutbacks in hiring and investment to cope with these changes.
Hiring & Investment
Increased payroll costs could reduce hiring and investment.
Prices
Rising expenses may force businesses to raise prices, impacting competitiveness.
Layoffs & Closures
Smaller businesses may struggle to absorb costs, risking layoffs or closures.
Why Salary Sacrifice Works for Your Business
By adopting salary sacrifice, businesses can reduce their payroll costs and redirect savings toward growth, employee benefits, or maintaining competitive prices.
It’s a win-win: employers save on National Insurance, and employees boost their pensions without affecting their take-home pay.
Protect Your Business’s Future
Without solutions like salary sacrifice, rising costs can lead to tough decisions: reducing hiring, delaying investments, or increasing prices. Salary sacrifice offers a smarter way forward.
How Penfold
Can Help
Expert guidance, seamless setup, and proven savings – Penfold makes salary sacrifice simple. Penfold specialises in helping businesses navigate the complexities of salary sacrifice with:
• Expert advice tailored to your needs.
• Hassle-free implementation and integration.
• Ongoing support to ensure compliance and maximise savings.
Our tech-first approach ensures you spend less time on admin and more time growing your business.
Free consultations and tailored solutions
Start with a free consultation to understand your business needs. Penfold’s experts provide customised advice to maximise your savings while ensuring compliance.
Save time with seamless payroll integration
Penfold can integrate effortlessly with your payroll system, saving you time and reducing admin hassle. Focus on growing your business while Penfold handle the details.
Transparent pricing with no hidden fees
Penfold’s pricing is straightforward and fair, ensuring you get the full benefit of your savings without surprises or additional charges.
Trusted by thousands of UK businesses
Join companies nationwide that have partnered with Penfold to navigate rising costs while enhancing employee benefits.
Penfold: Trusted by Businesses Nationwide
Join thousands of companies that have already chosen Penfold to save money and enhance employee benefits.
Penfold helped us to understand salary sacrifice really well.
We had an overview meeting, were sent FAQs and Penfold also hosted a Pension Workshop to take our teams through the platform and salary sacrifice which was really helpful.
The transition process is very straightforward and the team at Penfold do a super job at explaining each step.
Before Penfold, our pension scheme just wasn’t fit for purpose. We weren’t able to offer salary sacrifice and all employees who were earning above the basic tax rate had to claim back directly from HMRC.
The support offered by Penfold on the implementation and day-to-day support has been superb, and reduced the amount of work that the finance team had to do previously.
We've been impressed with the level of service Penfold has provided from day one.
Having a dedicated account manager (and not a chatbot) to support the switch and ensure the onboarding process ran smoothly was incredibly reassuring.
Penfold is dramatically better than anything we’ve worked with before and has helped me by removing all of the admin that comes with pensions. ‘Saving time’ is one of the key benefits that encourages me to recommend it to others.
Penfold’s been a huge success at Cuvva, with 88% of the company logging into the app to view their pensions.
It’s one of the tools I just could not live without.
Penfold was absolutely amazing in terms of the education, the training, and all the administrative backlog that goes on with moving over pension providers.
It ran so smoothly, I would say to other PeopleOps Leads: ‘Don't hesitate at all.’
Empowering UK businesses to navigate rising National Insurance costs with clarity and confidence. Cut through the noise and save money.