Millions of people set to reduce pension saving due to salary sacrifice changes

FOI request shows nearly three million will cut back on contributions once salary sacrifice changes come into force

Martin Richmond
clock • 2 min read
Millions of people set to reduce pension saving due to salary sacrifice changes

Nearly three million workers are anticipated to reduce their pension contributions due to changes to salary sacrifice, a Freedom of Information (FOI) request finds.

The FOI request, submitted to HM Revenue & Customs (HMRC) by LCP partner and former pensions minister Steve Webb, showed more than 2.8 million workers plan to decrease their pension contributions o...

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Martin Richmond
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Martin Richmond

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