Pension tax raid from Rachel Reeves to see 'millions on modest incomes lose out'

Pension tax raid from Rachel Reeves to see 'millions on modest incomes lose out'

Analysis from the Office for Budget Responsibility (OBR) suggests that pension salary sacrifice reforms announced in last year's Budget may affect far more workers than ministers initially claimed.The fiscal watchdog's supplementary figures indicate the policy's impact could reach well beyond higher earners, despite the Labour Government's assurances to the contrary.Starting April 2029, pension contributions through salary sacrifice exceeding £2…