Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the proposed cap on salary sacrifice benefits on younger workers' pensions.

A Tax Information and Impact Note (TIIN) was published alongside the introduction of the Bill containing the changes to pensions salary sacrifice.

Everyone using salary sacrifice will still benefit from the tax advantages available up to the £2,000 cap. The government supports all individuals to save into pensions through a generous system of income tax and NICs reliefs worth over £70 billion a year.

Of employees making pension contributions through salary sacrifice, those under the age of 30 are far more likely to be protected by the £2,000 cap than those above the age of 30.