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The Independent UK
The Independent UK
Business
Karl Matchett and Vicky Shaw

FORGOTTEN HISTORY: What are salary sacrifice schemes and how do they work 3275a1e9 6bca 4ae0 9f31 7ef7faa8945c - Caught on Camera

Salary-sacrificed pension contributions above £2,000 a year will no longer be exempt from national insurance (NI) from April 2029, according to a leaked document revealing Rachel Reeves’ budget minutes before she unveiled it.

The significant tax overhaul has prompted fears that some people’s retirement savings could be jeopardised.

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