salary exchange pension contributions
Launch Calculator. Salary exchange is a way of making pension contributions that could allow both employers and employees to save money. 1  An employee agrees to give up part of their salary or bonus in exchange for a pension payment paid by their employer.2  Employers pay lower NICs as a result of paying their employees a reduced salary.alary exchange offers a way to set up pension payments that can allow both employers and their employees to make a saving. Throughout these pages youâll find a series of tools designed to help you introduce the concept to your clients, along with all the information you need to help them make an informed decision.