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&#39Use salary sacrifice to cut NI bill&#39

Legal & General is advising employers to take advantage of salary sacrifice to reduce their firm’s and employees National Insurance bill.

A one percent increase in NI contributions will add an extra £1,000 to an employer’s NI bill for every £100,000 of payroll. But L&G says by simply reviewing the way pay is structured, both employers and employees can turn the NI increases to their own advantage.

It says employees can forgo a pay rise, and have the amount paid as an employer’s contribution into their pension plan instead.

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