XPS Pensions warns 2029 salary sacrifice restrictions raise employer costs
Bitget2026/10/27 14:41- Salary sacrifice National Insurance relief will be limited to the first £2,000 exchanged annually from April 2029, increasing employer and employee costs.
- Employers face the largest cost burden, potentially affecting hiring, investment and funding for pension contributions or other benefits.
- Options include absorbing costs, reducing pension contributions or improving benefit cost efficiency; phased changes could offset costs against future salary increases.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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