Her Majesty's Revenue and Customs has revealed it will amend its salary sacrifice rules to prevent unfairly penalising employees who opt out of auto-enrolment salary sacrifice pension schemes.
It has agreed to change its rules to allow staff that opt out to do so at anytime and receive a full post-tax salary refund. The change had been strongly lobbied for by scheme providers, includi...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date