Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to the oral contribution of the Financial Secretary to the Treasury in the House of Lords debate on the Second Reading of the National Insurance Contributions (Employer Pensions Contributions) Bill on 4 February 2026, what the source is of the £8 billion per year figure for pension salary sacrifice.

Following Autumn Budget 2025, the OBR published supplementary information on the costing relating to the measure capping salary sacrificed pension contributions at £2,000. The £8.0bn figure is consistent with this and equivalent to the forecast National Insurance relief on salary sacrifice pension contributions in the absence of the measure.