How do I enroll in the the Salary Exchange scheme?

Article author
Nneka
  • Updated

For employees, if you wish to participate in the pension scheme via Salary Exchange, you will need to complete a Salary Exchange Agreement form.

At Remote, the Salary Exchange arrangement is reviewed every year in January. During this time, you will have the opportunity to opt-out, or join this scheme.

Important Note
Starting from April 1, 2024, employees currently contributing through a net pay arrangement scheme will be automatically transitioned to a salary sacrifice scheme, unless they choose to opt into a relief at source scheme or if they are close to earning the national minimum wage.

See also: All about Salary Exchange in the UK

This change will result in both a slightly higher pension contributions and take-home pay. 

Was this article helpful?

1 out of 1 found this helpful

Have more questions? Submit a request

Comments

0 comments

Article is closed for comments.