A staff benefit that costs your business nothing.
MCU payroll deduction is a simple line item on your payroll run that transfers a fixed amount from a participating employee's wages into their MCU share account. There's no cost to you, no liability, and very little admin.
A real benefit for your team.
Many employers find that staff who save through payroll are calmer about money, take less time off for financial stress, and stay longer.
No cost.
No setup fee, no per-employee fee, no monthly subscription. It's a regular BACS / faster-payment transfer alongside your existing payroll.
Minimal admin.
A single monthly bulk payment to MCU with a breakdown of which employees are saving how much. Standard payroll software handles it.
Wellbeing impact.
Financial security is a top driver of staff wellbeing — and a key reason people leave jobs. Payroll saving moves the needle without changing wages.
Local and Manx.
Profits stay on the Island. Your team's savings are lent to other Manx members. No money flying off to Geneva or Frankfurt.
From first conversation to first payday.
- 01
Email or phone us
Drop us a line at the office and we'll arrange a short call. We'll send a one-page setup pack with the standing instruction template, sample employee form, and Q&A.
- 02
Brief your payroll team
We can walk your payroll lead through the setup on a 30-minute call. Most payroll systems handle this as a standard deduction code — no special integration required.
- 03
Tell your staff
We'll provide a printable explainer your HR team can attach to a newsletter or pin to the noticeboard. Employees sign up directly with us.
- 04
Run your first payroll cycle
Your payroll team sends the bulk payment + breakdown on payday. We allocate to each member's share account the same day. Done.