We believe in financial well-being and removing barriers to saving is a great way to achieve this. Our Workplace Savings scheme lets employees put money from their salary away before it's paid to their bank account, helping them to reach their saving goals more easily.
Our Workplace Savings scheme helps your employees build financial resilience through small, regular savings taken directly from their salary, post-tax and other deductions.
With no cost to you as an employer, setting up a scheme is a positive step in supporting employees to reduce financial stress and build better financial resilience.
Our Workplace Savings scheme helps employees start with small regular contributions to make a meaningful difference to their financial resilience.
By facilitating automatic savings through payroll, you help:
Our team can help you with the rollout of a scheme by talking to your employees about Workplace Savings during a drop-in session and helping them to open an account should they wish to do so. Alternatively, we can provide you with all the literature you need to roll it out yourself. The choice is yours!
The scheme encourages employees to start small. Each account has a minimum opening balance of £1, and after that the minimum monthly payment is just £5. Removing barriers to saving helps them take a positive step towards better financial well-being.
Better financial well-being can improve mental health as well as ease the stress of unexpected costs by providing a buffer for emergencies.
Once your business is signed up, putting the scheme in place is simple. Your employees register for an account with us online, and when they have their account number from us, complete a form to tell you how much they'd like to save each month. You compile the information on a simple spreadsheet that we provide, make the deduction when arranging pay and send us one single payment to cover all employees signed up to the scheme. We do the rest!
Register your interest for a 10-minute call with Jilly
If you want to learn more about the scheme and how you can start it at your business, register your interest. Our Savings Development Manager, Jilly, will be in touch to share more details and answer any questions you have.
Help and resources to learn more about our Business Savings
We’ve been building something better for our members and communities since 1860 and now we're building something better for businesses. Take a look at our useful information and downloads for businesses.
The only extra tasks you need to complete each month are checking your spreadsheet for updates and sending it over to the Marsden, along with making the single payment to your account.
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