Reeves’ salary sacrifice tax hit could dent savers’ confidence, experts warn
Treasury plan to cap relief on pension contributions is set to raise £2bn a year
Treasury plan to cap relief on pension contributions is set to raise £2bn a year

Move would reduce tax benefits from salary sacrifice pension schemes as chancellor aims to fill fiscal hole

From 2029, workers will only be able to pay £2,000 into the scheme and receive tax relief

Cap on national insurance relief set to raise £4.7bn in 2029-30 and £2.6bn in 2030-31

The buffer Reeves built into her plans is admirable, but no guarantee of avoiding the nasty dilemmas to come

Burden to reach 38% of GDP by end of parliament

Chancellor explores alternative ways to raise revenue to fill fiscal hole estimated at up to £30bn