Budget 2025 – an unprecedented Budget
The run up to the Budget was unprecedented in many ways – so many briefings (and counter briefings), a lot of kite-flying, u-turns on policies which had not themselves been formally announced and then the release of the Office for Budget Responsibility’s report before the Chancellor even stood up to start her speech. We always […]
Budget 2025 – pension relief is sacrificed
Salary sacrifice arrangements have been about for many years and, although they have been tightened up, the ability to sacrifice salary in exchange for your employer making a pension contribution on your behalf has previously been preserved. So, what’s the benefit – well, pension contributions benefit from income tax relief, but not national insurance contributions. […]