What are the advantages?
By reducing your salary in return for the company benefits you select, you can also reduce the salary your tax and/or National Insurance is calculated on, saving you money.
Tax rules can change over time and benefits depend on individual circumstances.
In addition, you can take advantage of the buying power Alight Solutions has as a company, so in some cases the rates you receive on benefits such as health insurance are lower, saving you more than you could expect in the retail market.
Income Tax and National Insurance savings
The following table outlines a brief guide to the types of savings you could take advantage of:
| Benefit | Income Tax saving | National Insurance saving | Other savings |
|---|---|---|---|
| Critical Illness Insurance | No | Yes | Group discount
on rates |
| Critical Illness Insurance – Spouse/Partner | No | Yes | Group discount
on rates |
| Dental Insurance | No | Yes | Group discount
on rates |
| Health Assessment -
for you |
No | Yes | Group discount
on rates |
| Health Assessment - for your spouse/partner | No | Yes | Group discount
on rates |
| Life Insurance – for you | No | Yes | Group discount on rates |
| Life Insurance – Spouse/Partner | No | Yes | Group discount on rates |
| Medical Cash Plan | No | Yes | Group discount
on rates |
| Pension | Yes | Yes (if via Salary Exchange) | No |
| Personal Accident Insurance | No | Yes | Group discount
on rates |
| Private Accident Insurance | No | Yes | Group discount
on rates |
| Payroll Giving | Yes | No | No |
Have a question?
Contact the Helpdesk:
Benefit questions:
0117 314 1776
Mon - Fri: 9am - 5pm