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The Independent UK

Business

Vicky Shaw

Stark warning to pension savers over Rachel Reeves’s salary sacrifice changes

HMRC Insurance Steve Webb Budget NI

Millions of pension savers are set to be financially impacted by upcoming changes to salary sacrifice arrangements, with HM Revenue and Customs (HMRC) figures indicating that 3.3 million individuals will be affected.

HMRC guidance reveals that an estimated 7.7 million employees currently utilise salary sacrifice for their pension contributions.

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