The Royal Air Force and 250,000 knee and hip ops. Not traditionally things you might expect to read about in Professional Adviser.
However, both were trotted out as equivalents by pensions minister Torsten Bell in the second reading of the snazzily named National Insurance Contributions (Employer Pensions Contributions) Bill this week. As we reported earlier this month, the government has popped an £8bn price tag on salary sacrifice national insurance contribution (NIC) exemption costs by 2030 to 2031 should it not go forward with planned reforms "For some context, that is the equivalent of the cost of the Royal Air Force," Bell told MPs on Wednesday. Under plans announced in the latest Autumn Budget, which w...
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