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The Independent UK

Business

Vicky Shaw

Warning issued over new salary sacrifice rules set to impact pensions

Steve Webb OBR HMRC Insurance

Upcoming changes to pension salary sacrifice schemes could disproportionately affect workers on modest incomes, following new analysis.

Salary sacrifice schemes currently allow employees to boost their pension pots in a tax-efficient manner, often leading to higher take-home pay through reduced National Insurance Contributions (NICs).

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One subscription that gives you access to news from hundreds of sites

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