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GPP MANAGER SOFTWARE
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Group Personal Pensions via salary sacrifice work on the principle of an arrangement between the employer and the employee under which the employee receives a lower salary and the "reduction" is paid into the employee's personal pension fund by the employer. The advantage arising from this is that the employer and employee both pay less tax and National Insurance because the salary is less. If the combined tax savings are paid into the pension fund, neither the employer or the employee are worse off than if they were participating in an ordinary fund arrangement, but the pension fund can be boosted by up to 31.2%* - a massive bonus that is reflected and compounded in the pension value at retirement. More information...
* 2006 tax year
However, doing the sums to calculate and maintain an equitable arrangement that means neither employer or employee is worse off is complicated. GPP Manager does the sums for you, and much much more.
** WHO NEEDS GPP MANAGER? **
** WHAT DOES IT DO? **
** TECHNICAL DETAILS AND PRICES **
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