• Contact
Sunday, June 22, 2025
Register
Login
European Press
Advertisement
  • News
  • Business
  • Tech
  • Sport
  • Health
  • Entertainment
  • Lifestyle
  • Video
No Result
View All Result
  • News
  • Business
  • Tech
  • Sport
  • Health
  • Entertainment
  • Lifestyle
  • Video
No Result
View All Result
European Press
No Result
View All Result

Pensions at risk as HMRC eyes salary sacrifice schemes in Autumn Budget

29 May 2025
in Business
Reading Time: 3 mins read
A A
Pensions at risk as HMRC eyes salary sacrifice schemes in Autumn Budget
ShareShareShareShareShare

Pensions tax relief may be in the firing line in the upcoming Autumn Budget, with growing concern among financial experts that HMRC is targeting popular salary sacrifice schemes as a way to raise revenue.

According to Blick Rothenberg, a leading audit and tax advisory firm, a new HMRC report points to the Treasury’s increasing focus on pension perks — including suggestions that salary sacrifice schemes could be significantly curtailed or even abolished.

Tomm Adams, a partner at the firm, said: “HMRC has just published a report suggesting that the Treasury has pensions in its crosshairs this Autumn. It explores ways to butcher salary sacrifice arrangements, or go even further by abolishing pension tax relief altogether.”

He added that the pensions industry was alarmed by what he described as a short-sighted approach that prioritises short-term tax receipts over long-term financial stability. “Those of us who care about the general population’s retirement prospects are appalled. This would sacrifice tomorrow’s security for today’s gain.”

Salary sacrifice arrangements have long been used by both employers and employees to boost pension contributions in a tax-efficient way. Under the scheme, an employee agrees to reduce their salary, with the equivalent amount instead being paid into their pension — which reduces both income tax and National Insurance contributions (NICs).

Support authors and subscribe to content

This is premium stuff. Subscribe to read the entire article.

Login if you have purchased

Subscribe

Gain access to all our Premium contents.
More than 100+ articles.
Subscribe Now

Related Posts:

  • Pensions at risk as HMRC eyes salary sacrifice schemes in Autumn Budget
    Pensions at risk as HMRC eyes salary sacrifice…
  • Pensions at risk as HMRC eyes salary sacrifice schemes in Autumn Budget
    HMRC criticised for misusing terminology in ‘don’t…
  • HMRC issues first individual tax avoidance Stop Notices to former solicitor Paul Baxendale-Walker
    HMRC issues first individual tax avoidance Stop…
  • Pensions at risk as HMRC eyes salary sacrifice schemes in Autumn Budget
    Employers show strong interest in ‘Dutch-style’ CDC…
ShareTweetSendPinShare
Previous Post

Qure.ai unveils AI co-pilot for community health workers

Next Post

Angels DFA former All-Star Tim Anderson after woeful start

Next Post
Angels DFA former All-Star Tim Anderson after woeful start

Angels DFA former All-Star Tim Anderson after woeful start

Recommended

Strictly star Tasha Ghouri admits show ‘heightened’ shock split from Andrew Le Page

Strictly star Tasha Ghouri admits show ‘heightened’ shock split from Andrew Le Page

24 May 2025
We must make Britain the best place to build companies for the world’s best talent

We must make Britain the best place to build companies for the world’s best talent

12 June 2025
Bryson DeChambeau talks his LIV Golf future, hunt for perfect equipment and YouTube

Bryson DeChambeau talks his LIV Golf future, hunt for perfect equipment and YouTube

11 June 2025
Philippine IT-BPM industry expected to outpace global growth

Philippine IT-BPM industry expected to outpace global growth

10 June 2025
Chef Alain Ducasse: The mind behind the innovative culinary empire | The Dialogue

Chef Alain Ducasse: The mind behind the innovative culinary empire | The Dialogue

3 June 2025
European Press

European-press.com shares the latest news from Europe and around the world. It covers topics such as business, technology, sports, health, entertainment, and lifestyle. Feel free to get in touch with us!

Disclaimer  Privacy Policy – EU  Imprint 

Contact Us

What’s New Here!

  • Saudi Arabia tackles sweltering heat as Muslim pilgrims embark on Hajj journey
  • ‘My mum stopped talking to me’
  • SI Swimsuit model Camille Kostek claims NFL wives judged her for not having wedding ring
  • My family thinks I’m making up my long-distance boyfriend

Subscribe to Our Newsletter

Copyright 2025 © EUROPEAN PRESS All rights on our posts reserved!

Translate »
European Press
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}
No Result
View All Result
  • News
  • Business
  • Tech
  • Sport
  • Health
  • Entertainment
  • Lifestyle
  • Video

Copyright 2025 © EUROPEAN PRESS All rights on our posts reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
×