Mintago’s CEO and Founder, Chieu Cao, has recently been interviewed by Business Express, exploring why more SMEs must consider the government’s salary sacrifice pension scheme.
It is a fact that smaller businesses have struggled more than ever in the last two years to financially thrive due to the pandemic and Brexit. Therefore, they should be seeking ways to save money and reduce waste. The government’s salary sacrifice pension scheme enables employers to save money on National insurance payments, whilst also providing the same benefit plus tax savings to employees.
Chieu Cao states that the main barrier and reason why only 50% of SMEs are using Salary Sacrifice pension, is a lack of awareness of the scheme.
To read more about his expert views on an important subject for the new year and beyond, visit the link below.