How does salary sacrifice affect my pension?
Some employee benefits use salary sacrifice schemes and may affect your pension benefits. Others have no impact.
Pensionable pay is the pay we use to work out your pension benefits.
If your pensionable pay is lower, you may:
- pay lower pension contributions
- build up less pension
- have lower death benefits
- have lower final salary benefits.
Your employer can explain how a scheme affects your pay and pension.
