salary sacrifice

Autumn Budget pension announcements and IGG buys KGC Associates

Salary sacrifice cap, pre-97 inflation protection, DB surplus release, IHT and British Coal scheme

The chancellor chose to leave the tax-free lump sum unchanged in the Autumn Budget

The industry has responded to the chancellor’s decision to cap salary sacrifice for pensions at £2,000

Measure will come into force from April 2029

Potential cap on salary sacrifice contributions, Howden acquires EPFS, and government to reconsider rejection of Waspi compensation

Reports say chancellor has also decided against cutting pension lump-sum withdrawals

Society says scrapping salary sacrifice would lead to reduction in employees’ take home pay

Society argues salary sacrifice is ‘well-established’ feature of UK pensions landscape

Steve Hitchner says Budget reforms will produce few immediate savings and could introduce risks