Have your say in our latest readers’ poll. Last week, Employee Benefits reported that national insurance contribution (NICs) relief on pensions salary sacrifice will be capped at £2,000 annually per person from 2029.
Employees who contribute up to £2,000 into their pension each year via a salary sacrifice arrangement will continue to benefit, but employee and employer NICs will be charged on the amount above £2,000 for those who contribute above this. The cap means 74% of those currently using salary sacrifice will be unaffected.
In light of this, do you think the £2,000 per person annual NI cap on pensions salary sacrifice should be introduced?
