Pension changes: How you could be affected

Oct. 11, 2024 - BBC

However, money that goes into a pension is free from income tax and NI. One option for the chancellor is to make employers pay at least some NI on the money they put into workers' pensions.

Businesses could also limit pay rises, hitting all their workers, or reduce the pension contributions they make for new staff. The attraction of this option for Ms Reeves is that she can raise money without a visible difference to people's take-home pay.

The downside is it creates less of an incentive for employers to put money into their staff's pensions...