Pension scheme 🇬🇧

CybSafe offers a defined contribution scheme with Aviva.

You’re invited to join the pension plan after 3 months.

CybSafe will contribute 3% of salary while you can contribute 5% if auto-enrolled.

From January 2025 the employer contribution will rise to 4% and the employee minimum will be a matched 4%.

You have the choice between 2 contribution methods (salary sacrifice or after tax contribution).

Or you can opt out.

Salary sacrifice: You give up a portion of your salary in exchange for a pension contribution paid by CybSafe. CybSafe pays lower national insurance contributions as a result of paying you a reduced salary. CybSafe will share a portion of this saving to supplement your pension plan. You also pay lower national insurance and may pay less income tax.
After tax contribution: Your pension contribution is deducted after tax and Aviva will claim basic relief (20%) on your behalf and add it to your pension plan. If you pay tax at more than the basic rate, you can claim further tax relief when you complete your annual self-assessment tax return.