Rachel Reeves announces salary sacrifice relief cap in blow to pension savers in 2025 budget @InvestorsChronicle
Rachel Reeves announces salary sacrifice relief cap in blow to pension savers in 2025 budget  @InvestorsChronicle
Uploaded November 2025 | Updated September 2026, 2 weeks ago
Rachel Reeves announced she will introduce a £2,000 cap on national-insurance-free pension contributions under the salary sacrifice scheme in the 2025 budget. This will take effect from April 2029.

The Office for Budget Responsibility (OBR) estimates that this will raise an additional £4.7bn in 2029-30, and £2.6bn in 2030-31. This is higher than the £2bn rumoured in the run-up to the Budget.

Read more about the move on @InvestorsChronicle - investorschronicle.co.uk/content/21f4ff44-81b0-49bc-b3f2-ddaba4ef2170?utm_medium=social&utm_source=youtube&utm_campaign=budget-2025&utm_content=video-1

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Rachel Reeves announces salary sacrifice relief cap in blow to pension savers in 2025 budget

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