Effortless financial wellbeing for your team
Boost your benefits package with Sync's Payroll Savings – high interest, low effort, and accessible to every employee.
Want this benefit as an employee? Email your HR team
Financial stress is impacting your employees
Financial insecurity affects employee performance and wellbeing – automated savings provide a simple solution. In the UK alone...
4.2m
days lost annually in absences due to poor financial wellbeing
77%
of employees say that money worries impact them at work
25%
of UK adults don’t have any savings, and the number is rising
7 in 10
employers believe financial pressure reduces staff performance
A simple, smart and scalable solution
With Sync, employees can set aside money straight from their pay into high-interest savings accounts. As an employer, you get a fully automated, scalable setup that works seamlessly alongside payroll.
Your team are happier and have more control over their finances. By easing financial stress, people are able to show up at work at their best.
Proven impact on wellbeing
Our pricing is simple and straightforward, You only pay for employees using Payroll Savings.
Zero upfront cost
You activate Payroll Savings for your employees via your payroll or benefits platforms and then process contributions along your payroll run. That’s all!
Easy set up
Boost wellbeing with Payroll Savings
⚡️
Boost wellbeing with Payroll Savings ⚡️
Sync Payroll Savings are available on
Don’t see your provider here?
You can enrol your organisation directly in Sync's Payroll Savings. Employees sign up through your co-branded savings portal and you can run saving deductions through your payroll system.
THE BENEFITS OF PAYROLL SAVINGS
Why employers like Payroll Savings
Employers are investing in financial wellness benefits because they understand that they have positive returns and employees are happier when money is less of a burden.
70%
of employers are integrating financial wellness with other wellbeing programs to offer a holistic approach to employee health.
400% ROI
UK employers investing in financial wellness programs report an average ROI of £4 for every £1 spent.
62%
of employees participating in financial wellness initiatives demonstrate higher levels of engagement and job satisfaction.
How powerful is your financial wellbeing package?
Use our scorecard tool to discover how your current payroll practices support your team’s financial wellbeing.
Take a few minutes to reflect on what you're already doing and where there's room to grow.
You'll get a score and tailored tips to strengthen your approach.
Frequently asked questions
-
You can integrate Payroll Savings through your payroll provider or your benefit platform.
If your payroll provider or benefit platform haven’t integrated Payroll Savings yet, we can tailor a custom solution for you – get in touch to discuss! -
Did you know that 94% of employees believe it’s important that employers provide support for financial wellbeing?
Payroll Savings are an affordable financial wellness benefit that work for everyone in your team: an effortless way to improve employee wellbeing, increase productivity and give peace of mind to your employees.
-
Depending on the type of your integration, employees will be able to open their Easy Access savings accounts through your benefits or payroll provider or via your Savings Portal.
Employees choose how much they want to save in-app, in a couple of taps. They can adjust their contributions flexibly, and withdraw funds at any point. -
Choosing to integrate Sync through a direct Savings Portal is simple.
You enrol your organisation in Sync's Payroll Savings. Employees sign up through a co-branded savings portal with your company and the partner bank.
We automatically share detailed reports with all savings deductions each pay run, ready to input into your payroll system and be processed seamlessly.
You deduct savings from employees' net pay, then make one extra payment with the total sum which is sent to their FSCS-protected savings accounts.
-
Payroll Savings is not a pension or salary sacrifice scheme, so there’s no impact on employer costs or payroll calculations - just a simple, transparent splitting of an employee's take-home (net) pay into two separate bank accounts.
-
Payroll Savings is reported as a voluntary net pay deduction in payroll records, meaning it doesn’t interfere with Income Tax, National Insurance, National Minimum Wage or pension contributions.
We're here to unlock financial resilience for your people.
Let's Sync.
Want this benefit as an employee? Email your HR team