The Society of Pension Professionals has today published a paper highlighting the risks of reducing or removing salary sacrifice arrangements for pension contributions. 

John Wilson, Head of Pensions Technical at Aptia, and co-author of the paper, said: ‘Salary sacrifice is one of the most effective ways for employees to boost their pension savings without reducing their take-home pay. It’s a win-win - helping people save for their retirement while making the most of available tax and NI efficiencies. 

‘This paper highlights the serious repercussions that any changes to salary sacrifice in the upcoming Budget could have, including reduced take-home pay for millions of employees and a significant cost burden for employers. It’s a timely and important warning that the Chancellor cannot afford to ignore.’ 

‘The SPP’s paper follows press reports that the Chancellor is considering changes to salary sacrifice. Any speculation about changes to pension taxation risks worries among pension savers and weakening faith in pensions as a way to save for retirement. With three weeks to go until the Budget, we would call for speculation to be kept to a minimum.’ 

NOTES TO EDITORS  

• Founded to shape the future of pensions, health, and insurance solutions, Aptia is a leading UK pensions administrator and US employee benefits administrator dedicated to simplifying complexity for businesses and individuals. It brings together cutting-edge technology and deep industry expertise to help organisations navigate an evolving landscape with clarity and confidence. 
• With a presence in the US, UK, India, and Portugal, Aptia supports over six million people and more than 1,100 clients, delivering solutions that drive efficiency, enhance financial security, and provide peace of mind. 
• Aptia’s strength lies in the combination of smart technology and expert teams, ensuring that managing pensions, health, and insurance is more effective. By focusing on innovation, accessibility, and client success, Aptia helps businesses take care of their people, so they can focus on what they do best. 

For more information contact: Corinne Gladstone, Aptia Head of Corporate Communications & Public Relations. 
Email: media.enquiries@aptia-group.com 
Tel: 07989 448075