Is Nasa Umbrella’s workplace pension with NOW Pensions operated as salary sacrifice?
No, our workplace pension with NOW Pensions is not operated as salary sacrifice. We use what's called a "Net Pay Arrangement" instead.
What this means for you
The good news: You still get full income tax relief on your pension contributions - they're taken from your pay before income tax is calculated.
The difference: You still pay National Insurance on your full gross salary before the pension deduction. With salary sacrifice, you'd save on National Insurance too, but that's not how our workplace pension scheme works.
Why Net Pay Arrangement?
This is the arrangement that NOW Pensions operates, and it still gives you excellent tax benefits:
- Immediate tax relief - no waiting or claiming back
- Automatic calculation - works seamlessly with payroll
- Simple and transparent - easy to see on your payslip
Interested in salary sacrifice options?
If you're interested in exploring salary sacrifice arrangements for additional pension savings, check out our Private Pensions section of the Knowledge Hub or contact our Pensions Team at pensions@nasagroup.co.uk for more details.