Tate and Lyle introduces pension salary sacrifice
Tate and Lyle Sugars boosts pension contributions with the introduction of salary sacrifice. The company has seen 90% of its employees take up salary sacrifice since the arrangement was launched in July 2015.
Following the introduction of salary sacrifice as part of the employer’s group personal pension scheme (GPP), Tate and Lyle Sugar’s 560 UK employees’ pension contributions have increased by an overall average of 60%.
Before the launch of pensions salary sacrifice, which was set up and communicated by Secondsight, Tate and Lyle Sugars offered staff 24 face-to-face workshops across seven days in June to thoroughly explain the changes.
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