Treasury written question – answered at on 15 December 2025.
Peter Bedford
Conservative, Mid Leicestershire
To ask the Chancellor of the exchequer, what estimate has she made of the number of people that will reduce their working hours following the introduction of National Insurance contribution on any salary sacrifice scheme exceeding £2,000.
Torsten Bell
The Parliamentary Secretary, HM Treasury, The Parliamentary Under-Secretary of State for Work and Pensions
A Tax Information and Impact Note (TIIN) was published alongside the introduction of the Bill containing the changes to pensions salary sacrifice.
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The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
