Payroll savings schemes are one of the most effective ways in which employers can support their employees’ financial wellbeing. The scheme helps people build a savings buffer by diverting a proportion of salary into a savings account each month. The automated ‘set and forget’ nature of this process makes it easy for people to save by making it habitual and effortless.
We helped design and promote Level’s payroll savings product with 35,000 Capita employees.
We also evaluated payroll savings schemes with two SMEs in Northern Ireland.