In March and August each year you can choose to use some, or all, of your bonus to increase your pension savings. You select how much you wish to pay into the pension, and it will be deducted via the salary sacrifice arrangement, so free of National Insurance and tax deductions, making it a tax-efficient way to save, and helping your bonus go further. SAP will also add a further 7% of your contribution in recognition of the Company’s NI savings.
If you do decide to pay in some, or all, of your bonus to the pension scheme please log in and submit during February or July.
You can find out more in the Bonus Sacrifice Guide.
The August bonus sacrifice window will be open to all employees eligible to receive a bonus in August each year. The selection dates for August bonus sacrifice are from 1 July to 31 July each year.
The main March bonus sacrifice window will be available from 1 February to 28 February each year. Please be aware that the bonus sacrifice will only apply if you make a selection on this site during these time periods and remain an SAP UK Ltd employee up to and including the cut off dates.
Your chosen contribution will be made to your pension at the end of either August or March that year.
At a glance
You can sign up for flexible benefits at any point during the year. Be aware that you can’t always make changes to these benefits at any time during the year, so check on the conditions when you sign up.