BlueSky Consultancy Services Information
BlueSky can also help with a particular project or issue, from re-writing communications to revising investment options and the closure of schemes, and aim to get to know and work with employers who run their own schemes to the trustee body of a client, supporting and developing its work.
This includes advanced administration processes, highly developed investment expertise and knowledge of defined benefit or defined contribution schemes, as we recognise the accuracy of data required and financial significance of schemes to their members and sponsoring employers.
Above all BlueSky provide an extremely professional service of very high quality and supply credible, capable and commercial support for pension schemes and their trustee board and has a growing number of clients saving valuable time and income by using an outsourced service.
BlueSky can help you through the process and start to make cost savings in light of your added responsibilities throughout the ‘Auto Enrolment’ years. BlueSky can provide simple communications to inform employees of the changes to their contracts of employment (a requirement of introducing Salary Sacrifice) and assess the benefits to every employee.
Salary Sacrifice involves employees giving up part of their salary in exchange for a non-cash benefit, in this case, the payment of contributions to a pension scheme.
In a typical case where the employees are active members of an occupational pension scheme, an amount equal to the pension contributions made by the employee would be deducted from their basic pay, reducing the tax and NI deductions.
In exchange the employer would pay this amount to the pension arrangement in addition to the standard employer contributions.