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Will Royal Mail cap Salary sacrifice after 2029?

Royal Mail pension news and discussion.Please note the advise given in this forum is unofficial, please use the links we have for a more detailed response or see an independent financial adviser.
sweepster70
Posts: 496
Joined: 24 Jul 2017, 23:16
Gender: Male

Will Royal Mail cap Salary sacrifice after 2029?

Post by sweepster70 »

With what I pay into my basic pension, lump sum booster and avc's, after April 2029 it will cost me £452 a year at today's rate. More importantly with the added 15% employer NI, it will cost Royal Mail £849.34 taking into account the first £2000 is exempt. This is not affordable. The Labour government really does detest anyone who has the ability to save money.
NWpostie
Posts: 3612
Joined: 04 Aug 2007, 17:32
Gender: Male
Location: Sector 001 Borg Collective, 6 o f 9

Re: Will Royal Mail cap Salary sacrifice after 2029?

Post by NWpostie »

Everything Labour touches turns into a smelly pile of poo, they don't think things through, they just tax it.

Take Tenants rights act that has actually done more harm than good, landlords have left the rental market and sold up, leaving fewer rental properties available and rents have gone up even more due to scarcity.
Six of Nine loves Seven of Nine, together in Electric Dreams.