Workplace pension salary sacrifice schemes could be under threat as HMRC explores options

HMRC has published research which looks at hypothetical cuts to salary sacrifice for workplace pensions

Woman looks at finances on laptop as she holds financial documents
(Image credit: BongkarnThanyakij via Getty Images)

Valuable workplace pension salary sacrifice schemes could be changed as a "revenue-raising measure" in the Autumn Budget, a former pensions minister has said.

Pension salary sacrifice is where an employee agrees to forgo or ‘sacrifice’ part of their salary in return for their employer making additional pension contributions on their behalf.

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Laura Miller

Laura Miller is an experienced financial and business journalist. Formerly on staff at the Daily Telegraph, her freelance work now appears in the money pages of all the national newspapers. She endeavours to make money issues easy to understand for everyone, and to do justice to the people who regularly trust her to tell their stories. She lives by the sea in Aberystwyth. You can find her tweeting @thatlaurawrites