54 h. ago Stark warning to pension savers over Rachel Reeves’s salary sacrifice changes

HMRC suggest 3.3 million people will be impacted by the salary sacrifice changes

Events

3 d. ago New salary sacrifice changes set to impact more than three million people from April

An estimated 7.7 million employees currently use salary sacrifice to make pension contributions.

Economics

6 d. ago Reeves’ salary sacrifice changes to hit 3.3mn pension savers

HMRC data points to impact of UK government’s crackdown on tax advantages of workplace schemes

Economics

6 d. ago 3.3m pension savers set to lose out after major Budget changes announced

It's estimated over 7 million employees currently use salary sacrifice to make pension contributions

Economics

6 d. ago 3.3 million pension savers set to lose out after major Budget changes announced

It's estimated over 7 million employees currently use salary sacrifice to make pension contributions

Economics

6 d. ago 3.3m pension savers facing hit with salary sacrifice changes

HMRC said an estimated 7.7 million employees currently use salary sacrifice to make pension contributions.

Economics

6 d. ago Why workers earning £52,000 will be the hardest hit by tax raids

Analysis shows that those on middle incomes are set to be worst hit by Rachel Reeves' plan to charge National Insurance on pension contributions over £2,000 per year.

Economics

7 d. ago Why workers earning £52,000 will be worst hit by changes to salary sacrifice from 2029

Analysis shows that those on middle incomes are set to be worst hit by Rachel Reeves' plan to charge National Insurance on pension contributions over £2,000 per year.

Economics

1 week ago Five steps to protect your pension after Rachel Reeves' salary sacrifice tax raid in the Budget

Protecting your pension wealth has scarcely been more important following Rachel Reeves' latest tax-grabbing Budget. Protect and grow your pension by following five simple steps.

Economics

1 week ago Rachel Reeves to rush pensions tax raid into law to reassure markets

Legislation on salary sacrifice schemes expected to be introduced in weeks, even though it will not take effect until 2029

Economics

1 week ago Reeves to rush pensions tax raid into law to reassure markets

Legislation on salary sacrifice schemes expected to be introduced in weeks, even though it will not take effect until 2029

Economics

2 w. ago I earn £93,000 and salary sacrifice £620 a month in my pension, what will the cap cost me?

In the Budget the Chancellor announced a future restriction on the National Insurance benefit of salary sacrifice pension contributions. Here's what you need to know.

Economics

2 w. ago Fears of job losses and lower wages after Reeves' £4.7bn Budget tax raid on pensions

The Chancellor said salary sacrifice contributions, where workers forego wages in return for the money being paid directly into their retirement fund, will be capped at a fraction of their current rate.

Economics

2 w. ago Join Budget Q&A with our money expert – tackling pension and ISA options, income tax, salary sacrifice and more

Now the Budget has been revealed, how will Rachel Reeves’ announcements affect your money? Personal finance expert Gabriel Nussbaum (aka That Money Guy) is here to answer your questions...

Economics

2 w. ago Reeves has swung a huge sledgehammer that'll wipe £37,000 off your pension

The Chancellor has launched a stealth attack on 'salary sacrifice' company pensions, with a new £2,000 cap on the pension contributions that can be made with tax breaks.

Economics

2 w. ago What the UK Budget changes mean for your ISAs, savings, and pension

No rabbits were pulled out of the hat by Rachel Reeves in the UK Budget, with widely-trailed measures - such as changes to individual savings accounts (ISAs) and salary sacrifice pension contributions - confirmed by the Chancellor.

Economics

2 w. ago How will some workers’ pensions be affected by salary sacrifice changes?

Capping salary sacrifice for pension saving has been described as ‘a short-sighted tax grab which will lower pension saving.’

Economics

2 w. ago How the Budget will affect you: Winners and losers from Rachel Reeves’ tax rises and new spending

Business owners, landlords and EV drivers were hit in the chancellor’s Budget

Economics

2 w. ago Budget crushes salary sacrifice in a blow to pension savers, what will it cost YOU?

Salary sacrifice schemes allow workers to take a supposed 'pay cut', with the money paid into their pension or put towards some other benefit like childcare instead.

Economics

2 w. ago Workers and businesses ‘will feel pain from £2,000 salary sacrifice cap’

Salary-sacrificed pension contributions above an annual £2,000 threshold will no longer be exempt from national insurance from April 2029.

Economics