Engagement resources
You can use our email templates and poster to introduce bonus exchange to employees.
Our email template wording has been approved by Royal London for use in its current format, please only alter highlighted or bracket wording. Royal London is not responsible for any further changes you make to the content.
Bonus exchange poster
Encourage employees to pay all or some of their bonus into their pension.
Case studies
Employees may not realise that paying their bonus into their pension can provide significant tax benefits. These case studies show the difference exchanging their bonus for a pension contribution could make.
Help employees understand the potential benefits by sharing a case study ahead of their bonus pay day.
Take care to choose the right case study - some are for employees who use salary exchange, and some are for those who get tax relief at source. (This means their contributions are taken after their wages are taxed.)
Learn more about how to make one-off contributions to your employees pension plans on our Making contributions Help Centre page.
Salary exchange schemes
£27,000 salary with 5% bonus
This case study shows the value of exchanging a £1,350 bonus for a one-off pension contribution.
£55,000 salary with 10% bonus
This case study shows the value of exchanging a £5,500 bonus for a one-off pension contribution.
£125,000 salary with 20% bonus
This case study shows the value of exchanging a £25,000 bonus for a one-off pension contribution.
Relief at source schemes
£27,000 salary with 5% bonus
This case study shows employees the value of using a £1,350 bonus to top up their pension.
£55,000 salary with 10% bonus
This case study shows employees the value of using a £5,500 bonus to top up their pension.
£125,000 salary with 20% bonus
This case study shows employees the value of using a £25,000 bonus to top up their pension.