Speculation has been rife since the chancellor announced the date of the Autumn Budget back in September.
Conjecture over Rachel Reeves' pension announcements in the Budget, which is being announced in parliament on 26 November, includes potential changes to salary sacrifice – after it was reported Reeves was looking at removing salary sacrifice on national insurance contributions (NICs) over £2,000. Other possible reform being predicted includes changes to pensions tax relief and the introduction of a levy on pension funds. Barnett Waddingham partner and head of defined contribution (DC) pensions Mark Futcher said the build up to this Budget has been "one of the longest and most rumour-f...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
