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The Independent UK
The Independent UK
James C. Reynolds

Workers’ pensions expected to soak up costs if Reeves taxes salary sacrifice schemes

Workers’ pensions could shrink by tens of thousands of pounds if the chancellor introduces national insurance on salary sacrifice schemes in next week’s Budget, a survey suggests.

Research by the Confederation of British Industry (CBI) suggests businesses would mostly not be able to absorb the costs if tax liabilities are changed in the Autumn Budget.

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