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flag UK may overhaul salary sacrifice schemes, risking workers' tax hikes and pension changes.

flag The UK government is considering changes to salary sacrifice schemes used by many British companies, which could increase workers' tax bills by over £500 a year. flag These potential reforms could remove tax relief on pension contributions, affecting retirement savings. flag Meanwhile, Chancellor Rachel Reeves is also looking at consolidating smaller pension funds into larger "mega-funds" to boost investment and benefit lower-paid workers, particularly women.

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