Make your money work for you
06/04/2018
Advance is committed to ensuring that we provide our employees with a quality, sustainable pension scheme and we are keen to explore new ways in which the pension arrangements can operate most effectively.
For those people who fulfil certain criteria (around 300) they will receive a letter next week about a proposed change to the way in which you can make your contributions to the pension scheme. This change will result in lower National Insurance contributions (NIC) for both you and Advance which means more take home pay each month. This arrangement is known as `salary exchange'.
The proposed change will take effect from 1 June 2018 for Advance’s pension schemes, namely the Social Housing Pension Scheme (SHPS) and Growth Plan.
Salary exchange will not suit everyone but please take a moment to read through the information you receive and if you still have any questions you can contact Advance Human Resources Customer Contact Centre (HRCCC) on 01993 866499.