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Reeves' salary sacrifice raid will leave almost 3m workers poorer

The Chancellor announced in November's Autumn Budget that she would be capping the amount workers can pay into their pensions via salary sacrifice schemes at £2,000.

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dailymail.com3 mesi fa

Reeves's salary sacrifice raid will leave almost 3m workers poorer

Chancellor Reeves caps pension salary sacrifice NI relief at £2,000 from 2029, hitting an estimated 2.9 million UK workers. UK employers must revisit total-comp: a key DC pension incentive is curtailed as regulators warn half the workforce already undersaves.

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spectator.com3 mesi fa

Rachel Reeves represents Labour’s short-termism at its worst

It will mean people save less for their pension. HMRC estimates that 2.9 million people will reduce their contributions after the raid.

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Reeves' salary sacrifice raid will leave almost 3m workers poorer

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Reeves's salary sacrifice raid will leave almost 3m workers poorer

Rachel Reeves represents Labour’s short-termism at its worst

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