Employers offering workplace savings

Only one fifth of employers are not making provision for staff to take advantage of tax breaks around workplace savings, according to research by Employee Benefits.

The Employee Benefits/Premier pensions and workplace savings research 2012 found the number of employers offering no provision has fallen to 20% from 57% in 2011, 71% in 2010 and 67% in 2009.

The types of workplace savings respondents make available for staff to take advantage of tax breaks include salary sacrifice for pension contributions (72%), sacrifice their bonus into their pension plan (56%) and move maturing shares into a corporate Isa.

The research also found that only 24% of respondents say that they currently offer any form of workplace savings products alongside their pension scheme.

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