How will some workers’ pensions be affected by salary sacrifice changes?

Workers saving into a pension nowadays are often bearing the risk as to how much money they will end up with in retirement (picture posed by model/Lucy North/PA Archive) - (PA Archive)

A £2,000 salary sacrifice cap on pensions, announced in the Budget, is a “tax penalty on people trying to do the right thing”, a pension expert has said.

Here is a look at how salary sacrifice schemes work and how they will change under a shake-up unveiled in the Budget: