In the news
| 63% of UK employees are unaware of the government’s planned 2029 salary sacrifice cap, according to new research | Some parents have lost up to £10,000 due to private school fee scams, with average losses of £3,200 | Research reveals that one in three adults have not prepared financially for later life |
Salary sacrifice confusion
Although two thirds of UK employees now use salary sacrifice schemes, 63% are unaware of the government’s planned 2029 cap, according to new research1. The findings come as the National Insurance Contributions Bill officially becomes law, prompting concerns that workers may not fully understand how future changes could affect pensions and workplace benefits.
One in three adults unprepared for later life financial planning
Research2 reveals a major gap between awareness and action on later life financial planning. While 83% of UK adults say financial preparation for death is important, 32% admit they have taken no steps at all. Only 38% have written a Will, 26% have communicated their wishes and only 18% have organised their financial documents including pension information, account records or insurance details, leaving many families at risk of avoidable stress and financial complications later on. It seems emotional barriers are also at play, with 74% agreeing that emotional preparation is important, 13% say the topic is too uncomfortable or emotional.
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1Barnett Waddingham 2026, 2Aegon 2026
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