NI Cap Cuts Salary Sacrifice, Hurts Pensions, ICAS Warns
The Institute of Chartered Accountants of Scotland (ICAS) has warned that the Chancellor's cap on national insurance (NI) relief may discourage pension saving, as some employers are withdrawing salary sacrifice schemes. ICAS criticized the policy as short-sighted, highlighting concerns over insufficient private pension savings and an aging population.
Topics: Employer Practices National Insurance Pensions Salary Sacrifice Tax Policy