Younger employees who had previously used salary sacrifice to purchase gadgets may not be keen to switch to pension saving but, says Darren Hedgley, working through all the benefits could help change their opinion
Cast you minds back beyond the Spring Budget to last November when Chancellor Philip Hammond's Autumn Statement heralded changes to the salary sacrifice scheme that will be introduced from next month. Tax breaks for smart phones and iPads will be removed, but support for pensions, cycle to work schemes and childcare will remain. Back in the 1970s, Margaret Thatcher, who was Education Secretary at the time, was labelled the ‘Milk Snatcher' when she removed free milk for the under Sevens. Now - in addition to a few other names he has been called in the last week - Hammond could be labelled...
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