Tusker Car Lease scheme

Impact on pension contributions

We already offer some salary sacrifice schemes, such as cycle to work. In this scheme, your gross salary deductions do not affect your pension contributions, as the payments are taken out after your pension, tax and National Insurance contributions.

However, in the Tusker Car Lease Scheme they do. This means that an employee's monthly gross salary will be reduced, resulting in a saving in initial savings on tax, National Insurance and pension contributions. This has implications on an employee's future pension, for further information, please see the impact of salary sacrifice on pensions arrangement guide.