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Evening Standard
Evening Standard
Vicky Shaw

Salary sacrifice cap ‘is short-sighted tax grab undermining retirement security’

The Government should carefully consider the long-term individual and societal consequences of changes to salary sacrifice, a finance expert said (Dominic Lipinski/PA) - (PA Archive)

Workers and employers will feel the “pain” from a £2,000 salary sacrifice cap on pensions announced in the Budget, finance experts have said.

Fears were raised that employers would make workplace schemes less generous and that people’s long-term financial security would be eroded.

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