Related topic: salary sacrifice

Confusion about the changes is widespread and risks undermining positive saving behaviours and confidence in the UK pension system.

The changes will disproportionately impact those being paid less than £50,270.

Advisers say Budget 'not as bad as feared’ - but frustration over endless tinkering dominates.

Under the current rules, employees can put up to £60,000 a year into their pension through salary sacrifice.

Changing salary sacrifice arrangements would lead to a reduction in take home pay for millions of employees, the Society of Pension Professionals warns.

Potential cuts are ‘firmly on the agenda’, former pensions minister Steve Webb warns.