{"id":613974,"date":"2026-05-31T17:09:10","date_gmt":"2026-05-31T17:09:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/613974\/"},"modified":"2026-05-31T17:09:10","modified_gmt":"2026-05-31T17:09:10","slug":"reevess-5bn-salary-sacrifice-raid-may-leave-three-million-worse-off","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/613974\/","title":{"rendered":"Reeves&#8217;s \u00a35bn salary sacrifice raid may leave &#8216;three million worse off&#8217;"},"content":{"rendered":"<p>Rachel Reeves\u2019s \u00a35bn salary sacrifice raid will leave almost three million workers poorer in retirement, it has been reported.<\/p>\n<p>Salary sacrifice schemes allow workers to give up a portion of their pay for tax-free pension contributions.<\/p>\n<p>The Chancellor announced in her Budget a \u00a32,000 cap on the amount workers can pay into their pension via these scheme, before contributions are liable for National Insurance. The Treasury estimates this move will raise \u00a34bn.<\/p>\n<p>According to official data obtained by The Daily Telegraph via a Freedom of Information request, shows 2.9 million taxpayers will now save less, including 666,000 workers who earn the basic rate below \u00a350,271 a year.<\/p>\n<p>Follow The i Paper\u2019s live blog for the latest updates. <\/p>\n<p>\n\t\t\t\t\tSort:<\/p>\n<p>\t\t\t\t\t\tNewest first<br \/>\n\t\t\t\t\t\tOldest first<\/p>\n","protected":false},"excerpt":{"rendered":"Rachel Reeves\u2019s \u00a35bn salary sacrifice raid will leave almost three million workers poorer in retirement, it has been&hellip;\n","protected":false},"author":2,"featured_media":613975,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[84,4176,3028,4174,4175,1394,56,44208,54,55],"class_list":["post-613974","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-finance","tag-live-blogs","tag-personal-finance","tag-personalfinance","tag-politics-news","tag-uk","tag-uk-politics","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/613974","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=613974"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/613974\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/613975"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=613974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=613974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=613974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}