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Millions of pension savers facing salary sacrifice hit

The Herald

|

December 06, 2025

AROUND 3.3 million pension savers are on course to be clobbered by salary sacrifice changes announced in the Budget, HM Revenue and Customs (HMRC) figures indicate.

Guidance published online by HMRC about the changes said an estimated 7.7 million employees currently use salary sacrifice to make pension contributions.

Of these, 3.3 million sacrifice more than £2,000 of salary or bonuses.

Changes announced in the Budget will mean salary-sacrificed pension contributions above an annual £2,000 threshold will no longer be exempt from national insurance (NI) from April 2029. Contributions above £2,000 will be treated as ordinary employee pension contributions in the tax system and subject to NI contributions.

FLERE HISTORIER FRA The Herald

The Herald

The Herald

UNITED SO 'STUPID' TO LOSE RON'S INFLUENCE

MANCHESTER UNITED were stupid to let Cristiano Ronaldo leave, says Joleon Lescott.

time to read

1 min

December 19, 2025

The Herald

The Herald

Hundreds celebrate Hanukkah in city centre

Just days after the tragic events in Australia, the largest civic Jewish event in modern Plymouth history took place in the city this week.

time to read

2 mins

December 19, 2025

The Herald

The Herald

LUKE DANN'S ARREST WAS CAPTURED ON CAMERA

A NEW TV series which shows police bodyworn camera footage of key arrests is set to be broadcast tonight with one highlighting the arrest of a Plymouth businessman jailed for killing a pedestrian.

time to read

2 mins

December 19, 2025

The Herald

Overladen with festive goodies... just in case

UPSTAIRS the Christmas pantry is taking on epic proportions.

time to read

2 mins

December 19, 2025

The Herald

Argyle keen to do a deal to keep Ralls

TURN FROM BACK PAGE

time to read

1 min

December 19, 2025

The Herald

City journalist's own notes used in his obituary

A LONG-serving Devon journalist helped to write his own obituary, thanks to notes found by his children following his death.

time to read

2 mins

December 19, 2025

The Herald

Troubled time for Tavistock

THE season certainly doesn’t get any easier for Tavistock.

time to read

2 mins

December 19, 2025

The Herald

RNLI crew rescued as lifeboat capsizes

TWO RNLI crew members needed rescuing themselves when they were thrown overboard as huge waves “engulfed” a lifeboat in Plymouth and capsized it.

time to read

1 mins

December 19, 2025

The Herald

No mellow yellow

THE A-segment city car class has become a niche category with manufacturers focusing on EVs and compact SUVs.

time to read

3 mins

December 19, 2025

The Herald

Shoe shop aims to lure more footfall

A MAJOR shoe retailer has opened in Plymouth's Drake Circus Shopping Centre - just in time for Christmas.

time to read

1 mins

December 19, 2025

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