Salary Sacrifice Drawbacks and how to overcome them

I’ve recorded a couple of videos about salary sacrifice, because it’s not well known but is such a fantastic way for some people to boost their pension savings. You’ll find links in the description below to both ‘Boost your pension pot with salary sacrifice’ and ‘3 arguments to Convince Your Employer of salary sacrifice’.

But with salary sacrifice your gross salary is reduced, so anything that depends on your gross salary could be affected. That includes your:

· Employment benefits
· Borrowing ability
· And any Maternity Pay

So what should you consider before diving headlong into a salary sacrifice scheme?

Other videos about salary sacrifice:

- How to boost your pension pot with salary sacrifice – https://youtu.be/XN9Z3_47Nhs
- The top 3 reasons Your Employer should offer salary sacrifice – https://youtu.be/Rcde9iPrJtg

Other videos about pensions you might like: https://www.youtube.com/playlist?list=PL4-cdRhTysQj4gZpqzB0kkOnLb4mysXse

📗 Buy my new book: The Retirement Café Handbook – Nine Accelerators for a Successful Retirement: https://amzn.to/3Q686I8

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If you're planning your retirement and want to make the best use of your wealth to provide for your family throughout retirement and beyond, or work out how best to pay for a loved one’s care, I may be able to help you.

As a Chartered Financial Planner at boutique retirement planning practice, MFP Wealth Management, I help successful people retire with complete confidence.

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This video is for information and entertainment only. Nothing on this channel constitutes financial advice. Please do not make any decisions based on the contents of my videos; seek professional independent financial advice first!

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