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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.com1 g 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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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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Timeline cronologica

domenica 31 maggio 2026·dailymail.com
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.
domenica 31 maggio 2026·dailymail.com
Reeves's 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.
lunedì 1 giugno 2026·spectator.com
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.