Pension squeeze: How to 'increase your take home pay' | Money Moment

"With salary sacrifice, if that is on the table for you, you can save both income tax and National Insurance, and increase your take home pay as a result."
As changes to pension rules loom workplace schemes like salary sacrifice and tax bands could be key to maintaining your salary and pension, Becky O'Connor from Pension Bee tells Rick Kelsey in Money Moment on #timesradio
The latest political news and interviews from Times Radio.
Join this channel to get access to perks -
/ @listentotimesradio
📻 Listen to Times Radio - www.thetimes.c...
🗞 Subscribe to The Times www.thetimes.c...
📲 Get the free Times Radio app www.thetimes.c...

[@duducarioca99]

Well, I don't know what is going on, but whenever I increase my pension contributions, more money actually hit my account on payday...

[@magicaljewels295]

Depends on your situation. You won’t have access to your money till 57+, will still have to pay tax on the way out, will lock your children in to an iht issue if you die after the age of 75, they will have to pay income tax on it. Government, especially Labour will keep changing the incentives - you probably won’t ever see me money again. Stay well away.