Salary Sacrifice: Pension Tax Break Reduced by Chancellor

Salary sacrifice: Pension tax break reduced by chancellor

Some pension savers face a hit to the amount of money they can put into their pension without paying national insurance.

Rachel Reeves confirms salary sacrifice change for pensions - what it means and when

Rachel Reeves Budget confirms a new cap on how much you can save into your pension through salary sacrifice schemes from April 2029

£2,000 cap for salary-sacrificed pension contributions – OBR

The policy would raise an estimated £4.7 billion in 2029/30 and £2.6 billion in 2030/31, an Office for Budget Responsibility document said. Salary-sacrificed pension contributions above an annual £2,000 threshold will no longer be exempt from national insurance from April 2029, according to a document published in “error” ahead of the Budget. The Office for Budget Responsibility (OBR) document said that salary-sacrificed pension contributions ab…

£2,000 cap for salary-sacrificed pension contributions – OBR

The policy would raise an estimated £4.7 billion in 2029/30 and £2.6 billion in 2030/31, an Office for Budget Responsibility document said.

Huge pension salary sacrifice change confirmed in Rachel Reeves' Budget - The Mirror

Rachel Reeves has used her Budget to confirm a new £2,000 yearly cap on how much money can save into your pension through salary sacrifice schemes

Zest warns 'capping pension salary sacrifice will ring alarm bells across the country' - London Business News

The leaked Office for Budget Responsibility (OBR) document has revealed that the salary sacrificed pension contributions over £2,000 will be taxed. It will no longer be exempt from national insurance… The post Zest warns ‘capping pension salary sacrifice will ring alarm bells across the country’ appeared first on London Business News