More than a quarter of pension savers utilising salary sacrifice schemes are poised to increase their contributions before a significant change takes effect, a new survey reveals.
The findings indicate that 28 per cent of individuals in these schemes plan to boost their pension payments ahead of April 2029. From this date, salary-sacrificed pension contributions exceeding an annual threshold of £2,000 will no longer be exempt from National Insurance (NI). Instead, these amounts will be treated as standard employee pension contributions within the tax system, becoming subject to NI.
