Over three million people are set to be hit by salary sacrifice changes

Millions of UK pension savers are set to be hit by salary sacrifice changes unveiled in the Budget, according to new figures.

According to figures published by HM Revenue and Customs (HMRC), an estimated 7.7m employees use salary sacrifice to make pension contributions.

This means employees effectively take a pay cut in exchange for higher pension contributions, reducing total income and tax bills, dragging them back under the £100,000 threshold.

Of the nearly 8m people using the schemes, 3.3m sacrifice more than £2,000 of their salary or bonuses, putting them at risk of being subjected to changes unveiled in the Budget.

Slapped with tax

In a major shake-up to the system, Chancellor Rachel Reeves pared back sala

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