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Evening Standard
Evening Standard
Politics
Vicky Shaw

3.3m pension savers facing hit with salary sacrifice changes

Salary sacrifice schemes enable people to maintain their take-home pay, as people end up paying lower national insurance contributions (Joe Giddens/PA Archive) - (PA Archive)

Around 3.3 million pension savers are on course to be clobbered by salary sacrifice changes announced in the Budget, HM Revenue and Customs (HMRC) figures indicate.

Guidance published online by HMRC about the changes said an estimated 7.7 million employees currently use salary sacrifice to make pension contributions.

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