Many savers fear smaller pension pots after salary sacrifice reforms

The survey of 1,588 working adults last month found two-thirds (62%) believed the changes to salary sacrifice proposed for 2029 - which introduce a £2,000 cap on National Insurance (NI) savings for all workers - would result in them paying more NI. Half (50%) said they expected to pay more tax, while a similar percentage (51%) said employers would pay more NI, and 46% said less money will arrive in their pension. However, two in five (43%) said they would not expect to change contributions, while 28% said they would increase contributions before the changes occur, 11% said they would ...