Salary sacrifice change to 'hit' more than three million workers

Government releases impact assessment

Jen Frost
clock • 2 min read
Picture by Kirsty O'Connor / Treasury
Image:

Picture by Kirsty O'Connor / Treasury

A government impact assessment has found that 44% of employees who currently use salary sacrifice would be hit by changes announced in the latest Autumn Budget.

Under reforms to salary sacrifice, the amount of someone's salary that can be sacrificed via pension contributions without facing a class 1 national insurance (NI) charge will be limited to £2,000 ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Buzz: Is it a positive move the Pension Schemes Bill has passed into law?

Buzz: Is it a positive move the Pension Schemes Bill has passed into law?

Pension Schemes Bill, funded reinsurance regulatory requirements, and PASA accreditation

Professional Pensions
clock 05 May 2026 • 1 min read
WTW completes acquisition of Cushon following FCA approval

WTW completes acquisition of Cushon following FCA approval

Transaction means WTW now manages more than £30bn of master trust assets

Holly Roach
clock 05 May 2026 • 1 min read
Public voice must be heard when it comes to future pension reform, report says

Public voice must be heard when it comes to future pension reform, report says

Cross-industry group calls for the introduction of a citizens’ assembly on future of UK pensions

Martin Richmond
clock 05 May 2026 • 5 min read
Trustpilot