Aviva launches salary exchange calculator

Aviva is launching a salary exchange calculator for advisers to help advisers demonstrate the increased benefits of salary exchange to clients caused by recent and future National Insurance contribution increases.

The life office expects salary sacrifice to become increasingly popular with both employers and advisers in light of the increase in NI in April 2010 and further increases coming in next April.

The calculator incorporates before and after scenarios highlight the benefits for employees and employers, tools to illustrate the effect of passing employer savings to employees, pro forma letters for employees agreeing to salary exchange and personalised reports explaining how each member is affected by salary exchange.