Salary sacrifice cap will hit working people, says Pensions UK

Zoe Alexander, Executive Director of Policy and Advocacy at Pensions UK, said: “Limiting salary sacrifice will hit working people trying to save for a better pension in retirement - including those on lower-than-average earnings for whom every penny counts both in working life and at retirement. The result will be less money flowing into pensions in the same year the Government has set up a Pensions Commission to address adequacy. And employers will be hit too, costs that could be passed on in the form of lower pay rises at a time when the Government is trying to stimulate growth.”

Mark Smith, Head of Media Relations
020 7601 1726 | [email protected]

Cali Sullivan, Senior PR Manager
020 7601 1761 | [email protected]