Mark Pemberthy says the effect of the cap will be felt acutely by payroll and benefits teams
Pensions UK finds two thirds think changes will mean paying more national insurance
Measure will come into force from April 2029
Reports say chancellor has also decided against cutting pension lump-sum withdrawals
Former pensions minister sets out 12 potential reforms and recommendations
Steve Hitchner says Budget reforms will produce few immediate savings and could introduce risks
Despite being ‘potentially lucrative’
The state pension is now set to rise 3.1%
Furloughed workers will continue to receive pension contributions under the government’s coronavirus job retention scheme, HM Revenue & Customs (HMRC) has confirmed.
The government has confirmed it has increased the National Insurance (NI) threshold from £8,632 to £9,500 from April.