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ARTICLE · 05 DECEMBER 2025

Trustee Quarterly Update

Addleshaw Goddard
Addleshaw Goddard
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Addleshaw Goddard

Addleshaw Goddard

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We take a look at the key legal developments for pension scheme trustees over the past quarter. These include the Budget announcement limiting the National Insurance contributions exemption under salary sacrifice...

United KingdomEmployment and HR

We take a look at the key legal developments for pension scheme trustees over the past quarter. These include the Budget announcement limiting the National Insurance contributions exemption under salary sacrifice arrangements, the Pension Scheme Bill provisions aimed at providing a statutory "fix" where no section 37 certificate can be located for past amendments, and two Ombudsman decisions regarding the extent of trustees' statutory duties in relation to transfer value requests.

Budget 2025

Budget 2025: Pensions changes

The pensions changes announced in the Budget included a cap limiting the National Insurance contribution exemption under salary sacrifice arrangements, new measures to allow scheme members to benefit from surplus payments, and an announcement on how the inheritance tax regime will operate in relation to pension scheme death benefits. For more detail see our e-bulletin.

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