All Salary sacrifice articles
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PodcastsAlways A Pensions Angle: Budget leaks and legislative tweaks
Fresh from the Pensions Expert Annual Conference at Pennyhill Park, hosts Thomas Parker and Nick Reeve tackle two massive stories: the Pension Schemes Bill’s third reading and the Autumn Budget.
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NewsPension providers call for calm ahead of salary sacrifice changes
The government is expected to legislate before Christmas to restrict the national insurance exemption on employee pension contributions made via salary sacrifice, according to the Financial Times.
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OpinionPre-Budget chaos, post-Budget damage
As the dust settles following Wednesday’s Budget speech, Darren Philp scrutinises the ‘kite flying’ approach to testing policy ideas and calls for a more honest and transparent approach to future fiscal events.
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NewsSalary sacrifice cap confirmed after OBR accidentally publishes report early [updated]
A £2,000 cap was widely rumoured beforehand, and confirmed after the Office for Budget Responsibility inadvertently published its report before Rachel Reeves began her speech.
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PodcastsAlways A Pensions Angle: Rumours, reversals, and a really big Budget
The rumour mill is well and truly in overdrive ahead of Wednesday’s Budget speech, and has been for some time. In the inaugural episode of our new podcast, Always A Pensions Angle, Tom Parker and Nick Reeve dig into the thorny issues of salary sacrifice, tax-free cash, and the political backdrop to it all.
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In DepthIn Depth: The last-ditch campaign to save salary sacrifice
The pensions industry has rallied in a last-ditch attempt to dissuade the government from changing salary sacrifice rules, just days ahead of the Budget.
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OpinionThe Friday Takeaway: Last stand before landmark Budget
It seems everyone is talking about the Budget. Nick Reeve looks at what might change, and why the biggest rumour would probably be bad news if it turns out to be true.
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NewsSalary sacrifice changes ‘could put millions of retirements at risk’
The Association of British Insurers has added its voice to opponents of potential changes to salary sacrifice rules, ahead of the Budget speech later this month.
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NewsScrapping salary sacrifice could cut take-home pay for staff, SPP warns
The Society of Pension Professionals has warned against making changes to salary sacrifice rules amid mounting speculation that Rachel Reeves could explore such a move in her Budget this month.
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NewsIs the government about to sacrifice salary sacrifice arrangements?
Research published this week by HM Revenue & Customs (HMRC) suggests that the government could cut back on the tax benefits of salary sacrifice arrangements, according to industry experts.
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FeaturesBudget 2024: Time to reconsider salary sacrifice?
With chancellor Rachel Reeves announcing plans for UK businesses to foot the bill for a £40bn tax increase – primarily through national insurance contributions – attention has turned to where companies can offset this cost.
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NewsBudget 2024: National insurance hike ‘terrible news’ for pension adequacy efforts
Former pensions minister Steve Webb argues that higher costs for employers will make it harder to increase pension contributions later.
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NewsCould pensions be the best recruitment tool?
The amount a company pays into their employees' pensions should not be seen 'as an afterthought', and could be a key selling point when it comes to recruiting staff, claimed Standard Life.
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NewsPension contributions down as UK faces ‘retirement time bomb’
On the go: Two-fifths of businesses with more than 500 employees have warned that employees are lowering their pension contributions in response to the cost of living crisis, according to one pension provider.
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NewsOmbudsman facing 'significant queue of work' from Covid-19
On the go: The Pensions Ombudsman is expecting demand to increase by 10 per cent in light of Covid-19, but is already facing a “significant queue of work” caused by the pandemic, according to its 2021-24 corporate plan.
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News
Actuaries call for simplified pensions tax system
On the go: The Association of Consulting Actuaries has leant its voice to those calling for a simplified pensions tax system, but cautioned that any changes must be “realistic, manageable and proportionate”.
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News
Nest outlines small steps to close ‘gender pensions gap’
On the go: Opting in to a pension scheme at 18, understanding if the employer matches the worker’s contributions, and adding as little as an extra £2.50 a week to the pension pot are all ways of closing the gender pensions gap, according to a report from Nest.
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News
Pensions compliance with furlough tapering ‘horrendously complicated’
The Pensions Regulator’s updated guidance on auto-enrolment and defined contribution schemes is likely to lead to large numbers of mistakes being made, some experts predict, as employers have to grapple with the bifurcated system resulting from the slow death of furlough.
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News
TPR clarifies treatment of salary sacrifice under furlough
On the go: The Pensions Regulator has issued guidance to large employers stating they must continue to pay furloughed workers’ pension contributions as normal where they have entered into a salary sacrifice arrangement.
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Opinion
Key takeaways from the finance bill 2017
Eversheds’ Tom Meyrick takes a closer look at the finance bill and what it means for pensions.