Salary sacrifice cuts in the Budget include a cap on pension benefits , which some have dubbed a "stealth tax rise in employer National Insurance".

This means National Insurance will be charged on salary-sacrificed pension contributions above an annual £2000 threshold from April 2029, raising £4.7 billion, the Office for Budget Responsibility said.

Nick Burns, CEO of Reward Gateway of Edenred, says: “Salary sacrifice has, for many years, created an incentive not just for employees but also for employers. Not only has it provided the fuel for building a healthy retirement fund, it also gives employees the opportunity to utilise their take-home pay in a way that works for them. Any restrictions of this helpful mechanism not only impacts employees but also forces employers to reconsider i

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