HMRC issues AE salary sacrifice guidance

Previously HMRC required employees entering into salary sacrifice arrangement for pension contributions could not easily revert to their higher salary - a ruling that was generally taken to mean that employees could not opt out within 12 months, unless it was due to a lifestyle change, without losing all tax and national insurance benefits. This conflicted with auto-enrolment regulations which permit automatically enrolled individuals to opt out as soon as they have joined their pension. HMRC has resolved this matter by adding pension contributions to the list of salary sacrifice sche...