The Chancellor’s threat of a a two per cent national insurance tax on salary sacrifice contributions above £2,000 is deeply unfair, says Martin Kimber

People tend to look at me like I’ve just admitted to collecting antique Victorian dolls when I tell them I sacrifice 15 per cent of my salary into a pension.

However, my friends have recently become accustomed to my quirky obsession, and are no longer surprised when I go yet another year without a foreign holiday, so as to save more for retirement.

I do this for several reasons.

Firstly, artificially lowering my gross pay reduces my overall tax bill: someone my age or younger, earning around £40,000 a year, will immediately save 37p on every pound in levies. That’s a hefty, instant return on investment.

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That’s after avoiding paying income tax, national insurance and student loan repayments.

I was born in June 1994, meaning my year group was the first to be caught out by Nick Clegg’s........

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