All Salary sacrifice articles
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NewsSalary sacrifice: Commons vote strikes down cap change and exemptions
The proposed salary sacrifice cap on pension contributions is back down to £2,000 after the government’s majority helped it reject amendments made by the House of Lords.
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NewsBell defends salary sacrifice cap and rejects incentive concerns
“The wider changes on salary sacrifice are happening because you should want a government that keeps tax reliefs under review,” pensions minister Torsten Bell said.
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NewsSalary sacrifice cap to rise to £5,000 after Lords amendment
An amendment tabled by Baroness Kramer has more than doubled the government’s initial £2,000 annual cap for salary sacrifice, above which National Insurance contributions are payable.
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OpinionThe consequences of Reeves’ salary sacrifice cap will play out for decades
Alltrust managing director James Floyd speaks out against the consequences of the government’s planned cap on salary sacrifice, following publication of the OBR’s analysis earlier this month.
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OpinionPensions UK: Real-world impact of salary sacrifice cap is being underplayed
Pensions UK’s executive director of policy and advocacy Zoe Alexander issues a stark warning on the salary sacrifice cap and its impact on retirement saving, following recent analysis from the Office for Budget Responsibility.
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OpinionThe Friday Takeaway: U-turn if you want to
Is the OBR’s report into the consequences of the salary sacrifice cap enough to persuade the government to change course? Pensions Expert editor Nick Reeve hopes so.
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NewsOBR data challenges government claims on salary sacrifice cap
New data analysis shows that many people the government has claimed are “protected” from changes to salary sacrifice will still lose out when the cap is introduced in 2029, according to LCP’s Steve Webb
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NewsSalary sacrifice cap risks higher costs and lower pension saving, SPP warns
The Society of Pension Professionals has written to MPs to warn that restricting salary sacrifice for pension contributions is likely to increase costs for employers and employees and reduce levels of pension saving.
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NewsPensions UK issues ‘wake-up call’ research on salary sacrifice
The trade body has warned the government that changing the salary sacrifice rules will create confusion and lead to savers losing out when the plans come into effect in 2029.
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NewsBusinesses brace for salary sacrifice changes as legislation laid
The government has introduced legislation to limit salary sacrifice for pension contributions to £2,000 a year – but experts warn the impact could be greater than official estimates suggest.
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PodcastsAlways A Pensions Angle: Budget leaks and legislative tweaks
Fresh from the Pensions Expert Annual Conference at Pennyhill Park, hosts Thomas Parker and Nick Reeve tackle two massive stories: the Pension Schemes Bill’s third reading and the Autumn Budget.
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NewsPension providers call for calm ahead of salary sacrifice changes
The government is expected to legislate before Christmas to restrict the national insurance exemption on employee pension contributions made via salary sacrifice, according to the Financial Times.
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OpinionPre-Budget chaos, post-Budget damage
As the dust settles following Wednesday’s Budget speech, Darren Philp scrutinises the ‘kite flying’ approach to testing policy ideas and calls for a more honest and transparent approach to future fiscal events.
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NewsSalary sacrifice cap confirmed after OBR accidentally publishes report early [updated]
A £2,000 cap was widely rumoured beforehand, and confirmed after the Office for Budget Responsibility inadvertently published its report before Rachel Reeves began her speech.
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PodcastsAlways A Pensions Angle: Rumours, reversals, and a really big Budget
The rumour mill is well and truly in overdrive ahead of Wednesday’s Budget speech, and has been for some time. In the inaugural episode of our new podcast, Always A Pensions Angle, Tom Parker and Nick Reeve dig into the thorny issues of salary sacrifice, tax-free cash, and the political backdrop to it all.
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In DepthIn Depth: The last-ditch campaign to save salary sacrifice
The pensions industry has rallied in a last-ditch attempt to dissuade the government from changing salary sacrifice rules, just days ahead of the Budget.
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OpinionThe Friday Takeaway: Last stand before landmark Budget
It seems everyone is talking about the Budget. Nick Reeve looks at what might change, and why the biggest rumour would probably be bad news if it turns out to be true.
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NewsSalary sacrifice changes ‘could put millions of retirements at risk’
The Association of British Insurers has added its voice to opponents of potential changes to salary sacrifice rules, ahead of the Budget speech later this month.
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NewsScrapping salary sacrifice could cut take-home pay for staff, SPP warns
The Society of Pension Professionals has warned against making changes to salary sacrifice rules amid mounting speculation that Rachel Reeves could explore such a move in her Budget this month.
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NewsIs the government about to sacrifice salary sacrifice arrangements?
Research published this week by HM Revenue & Customs (HMRC) suggests that the government could cut back on the tax benefits of salary sacrifice arrangements, according to industry experts.