SMART salary sacrifice pension

[Amboseli]

Just wondering if anyone knows about this type of pension and how it works?

I'm finding it so confusing. I thought it meant if eg you want to contribute 10% and your salary is 30k, then 3000 is paid into your pension inclusive of tax and NI.

Your taxable salary then becomes 27k.

Is this correct? I've been talking to someone in payroll and he was talking about an uplift and 10% actually means a different amount to what I've described above. I asked him to explain a bit more but still didn't understand so thought I'd ask on here.

Hopefully somebody gets it!

By making a SMART contribution, your employer is saving on employer NI on the amount you are sacrificing. It's 15.05% of the contribution so in your case £451.50. Your employer may choose to contribute some of that saving into your pension, which they call an uplift.

@Asiama thank you.

So if my employers contribution is 10% and mine is 10% what would my salary be after the pension contribution? Thank you!

On a 30k salary, your contribution would be 3k leaving 27k (assuming no other benefits deductions eg private medical). Your employer will contribute 3k, and by the sounds of it, another small amount which they have called an uplift. You will need to find out from your employer what that uplift is. If for example the uplift is 0.5% then the total employer contribution would be 10.5% rather than 10%. Hope that makes sense!