News & Knowledge / Facts
3.3 million retirement savers facing salary sacrifice changes
Around 3.3 million pension savers are set to be hit by the salary sacrifice changes announced in the Budget, figures from HM Revenue and Customs (HMRC) show.
Guidance published online by HMRC on the changes indicates that around 7.7 million employees are currently using salary sacrifice to contribute to their pension.
Of these, 3.3 million are sacrificing more than £2,000 in salary or bonuses.
Changes announced in the Budget will mean foregone pension contributions above an annual threshold of £2,000 will no longer be exempt from National Insurance (NI) from April 2029.
Contributions over £2,000 will be treated as ordinary pension contributions in the tax system and subject to NI contributions.

Rachel Reeves announced in last month’s Budget that from April 2029, foregone pension contributions above an annual threshold of £2,000 will no longer be exempt from National Insurance (PA).
Employers can offer salary sacrifices as part of their pension scheme, which is a tax-efficient way of helping workers increase their pots.
These schemes allow people to maintain their take-home pay because they end up paying lower NI contributions.
The Budget announcement was criticized by pensions industry bodies, who argued many people would already be facing financial difficulties later in life.
Yvonne Braun, director of policy, long-term savings, health and protection at the Association of British Insurers (ABI), has previously said that “the wider work required to restore public confidence in pension stability will take years”.
People often increase and decrease their pension contributions throughout their working lives, depending on factors such as their other financial commitments and expenses, and how close they are to retirement.
HMRC guidance states that employees who have paid salary sacrifice contributions are considered to be of typical working age.
He specifies: “In particular, people aged 31 to 50 (52%) would be over-represented compared to their prevalence in the employed population in general (44%).
“Men are also estimated to be over-represented in the population sacrificing their wages for pension contributions (59%) compared to their prevalence in the UK adult population (50%). »
The document also states: “This measure is expected to impact 290,000 employers who implement salary sacrifice arrangements for pension contributions, who will now be required to account for the relevant pension contribution amounts, report and pay First Class National Insurance contributions on these where applicable.

An estimated 7.7 million workers in Britain are currently using salary sacrifice to contribute to their pension (Alamy/PA)
“One-off costs will include familiarization with the change, training staff and updating software. Ongoing costs will include carrying out more calculations, recording and providing additional information to HMRC where salary sacrifice schemes continue to be used.”
Regarding other operational impacts, the document states: “HMRC will need to make IT changes to support the implementation of this measure. These changes are expected to cost approximately £1.9 million.”
The document also states: “The salary sacrifice for pension contributions remains, and its cost as relief has increased significantly, from £2.8 billion in lost national insurance contributions in the 2016 to 2017 tax year, to £5.8 billion in the 2023 to 2024 tax year.
“If no changes were made, this amount is expected to almost triple to £8 billion by the 2030 to 2031 financial year.”
Sir Steve Webb, a former pensions minister and now a partner at consultancy firm Lane Clark & Peacock, said the impacts on workers could be greater if employers responded to the changes by making pensions less generous for all workers.
Sir Steve said: “A Budget measure that was widely seen as complex and technical could have significant real-world implications for millions of workers.
“At a time when the nation as a whole is facing a significant ‘under-savings’ problem, this change will only make things worse.
“According to the government’s own estimates, around three in seven workers who use salary sacrifice to contribute to their pension will be affected by the change, while employers will face a greater impact due to their higher national contribution rates.
“Even if employers have time to consider their options between now and 2029, there is a risk that some will simply reduce the generosity of their workplace pension offering, which would be a serious step backwards.
Source link
#million #retirement #savers #facing #salary #sacrifice
Middle East
CFI Unveils Climate and Environment Media Works From Jordan, Palestine, Lebanon and Iraq
Amman / PNN /
The French media development agency CFI organised an art exhibition showcasing reports and stories produced under its environment and climate project, funded by the French Development Agency (AFD). The initiative trained journalists from four Arab countries to produce climate-related reports aimed at raising public awareness in the region about the importance of environmental protection.
The exhibition was held at CFI’s office in Amman, attended by the agency’s global director Emanuela Tolan, AFD’s regional director Yves Gescoro, QARIB programme director Henrik Erhnäs, QARIB editor-in-chief Nada Abdel Salam, representatives of various Arab media outlets, several media donors and members of the QARIB team in Jordan.
Henrik Ahrens, director of the QARIB media-development project, told PNN that CFI is hosting the exhibition to highlight climate and environmental productions created within the programme across four Arab countries. He said the goal is to inform audiences in Jordan, Palestine, Lebanon and Iraq about the importance of protecting the climate and countering negative environmental impacts.
Ahrens said the name “QARIB” was chosen because the programme seeks to bring journalists from the four countries closer together and produce stories that resonate “closely with the mind and the heart.” He added that the project is built on the idea of supporting independent media and enabling journalists from smaller outlets to participate in global climate summits, while also amplifying the voices of marginalised communities through stronger media coverage.

He noted that QARIB has allowed participating journalists to cover global discussions and negotiations on protecting the planet and preventing harmful climate change by raising public awareness. The exhibition, he added, is an opportunity to highlight what the journalists have achieved—written, visual and broadcast stories documenting climate-related issues.
Ahrens said CFI and QARIB trained groups of journalists and independent media professionals in the four countries on environmental and climate reporting. Journalists were supported to attend recent UN climate summits, where they produced in-depth coverage of global negotiations. Many have since developed the ability to create specialised environmental content that raises awareness in their communities.

The multi-year project provided training for independent media outlets in the four Arab countries, including PNN, aiming to build journalists’ skills and open opportunities for them to join international climate conferences.
Environmental journalist and trainer Suzanne Baaklini said QARIB trained journalists on key issues discussed at climate summits, including climate-finance negotiations, the responsibilities of major industrial countries, and the measures needed to mitigate negative environmental impacts. She said participants have since produced strong climate and environment reporting both during summits and in their home countries.

Journalists benefiting from the programme expressed their gratitude during the exhibition, stressing that the experience opened new horizons they hope to build upon.
Monjed Jadou, editor-in-chief of Palestine News Network (PNN) and founder of the “Arab Journalists for Climate” platform, said the network was proud to be part of the project. He thanked CFI and AFD for allowing PNN to cover the climate summits for several years, helping deepen regional climate reporting and raise awareness among Palestinian and Arab audiences. He noted that international reports indicate the Mediterranean Basin is among the regions most vulnerable to climate impacts and could become increasingly uninhabitable in the future.
Jadou highlighted the Arab Journalists for Climate initiative, which participating journalists agreed to establish during the climate summit in Azerbaijan.

The volunteer-run platform covers Arab climate and environmental issues and currently seeks support to expand its work. He expressed hope that CFI would be one of its first supporters.
Lebanese journalist and climate-film producer Karam Mandar said QARIB allowed him to closely follow developments at the climate summits. After attending the past three conferences, he produced several short films on climate issues relevant to Lebanon and the wider Arab region. He expressed hope that independent media would continue to thrive in the four countries, as it plays a crucial role in amplifying public concerns, including environmental protection and climate challenges.

Mounia Dweik, director of the “Roya Palestine” channel, said the channel has recently developed its coverage of war-related environmental impacts, producing reports on the consequences of conflict on climate, land degradation, water pollution and soil contamination. She stressed the importance of addressing these issues.
Dweik added that the channel also prepared extensive climate-summit coverage, highlighting Palestinian issues throughout the events.
Jordanian journalist Abdulrahman Makawi, director of Jordan’s Aramram News, said the QARIB climate and environment project provided him with essential exposure to climate and water issues, which are of major concern to the Jordanian public. He said the outlet has since produced numerous specialised environmental reports. Makawi thanked CFI and the QARIB team for supporting young Jordanian journalists and expressed hope for more such opportunities.


The photographs showcased at the CFI exhibition—drawn from the climate reports produced through the programme—illustrated success stories and underscored the need for more support to strengthen environmental protection efforts and raise climate awareness across Arab societies, which remain among the regions most affected by climate change.














Source link
#CFI #Unveils #Climate #Environment #Media #Works #Jordan #Palestine #Lebanon #Iraq
News & Knowledge / Facts
Did the RFK Jr affair cost Olivia Nuzzi her job? Inside Vanity Fair’s Breakup
Vanity Fair and West Coast editor Olivia Nuzzi have “mutually agreed” to part ways after her contract with the Condé Nast-owned magazine expired. The decision came after controversy over Nuzzi’s alleged affair with Robert F. Kennedy Jr. and other past behavior.In a joint statement Friday, Vanity Fair and West Coast editor-in-chief Olivia Nuzzi said they “mutually agreed, in the best interests of the magazine, to let his contract expire at the end of the year.” Nuzzi joined the magazine in September as West Coast editor, the AP news agency reported.The move followed controversy over Nuzzi’s personal relationship with Robert F. Kennedy Jr. while she was a Washington correspondent for New York magazine. The relationship emerged in the fall of 2024, when it was revealed that Kennedy, then a presidential candidate and now head of the Department of Health and Human Services, had been intimately involved with Nuzzi.New York magazine fired Nuzzi for failing to disclose his relationship. She later reflected on the affair and its aftermath in her memoir American Canto, which referred to Kennedy as “the politician” and her ex-fiance Ryan Lizza as “the man I didn’t marry.” Excerpts appeared in Vanity Fair but competed for attention with a series of Substack posts from Lizza containing embarrassing allegations.The feud between Nuzzi and Lizza gripped media insiders after he alleged that she had an affair with another high-profile subject and that she gave political advice to Kennedy — both considered off-limits to journalists. Lizza also published salacious and newsworthy text messages from Kennedy to Nuzzi that he had intercepted.Following this revelation, the magazine placed Nuzzi on leave, and then they separated. But Nuzzi had recently returned to a newsroom after Mark Guiducci, recently named Vanity Fair’s global editorial director, named her West Coast editor in September.In a Substack interview with Emily Sundberg, Nuzzi denounced her ex-fiance’s posts as “fiction-slash-revenge porn.”Friday’s announcement comes just days after the publication of American Canto, which critics disdained and readers largely ignored. The book was ranked just 6,094 on Amazon.com’s best-seller list as of Friday afternoon.During the eventful week, Nuzzi published a humorous column on Substack titled “Signs Your Book Launch Has Gone Wrong,” including the entry “Monica Lewinsky Reaches Out to Check on Your Sanity.”
Source link
#RFK #affair #cost #Olivia #Nuzzi #job #Vanity #Fairs #Breakup
Ireland
Congratulations and condemnation as RTÉ withdraws from Eurovision
By Bairbre Holmes, Press Association
Campaign groups have welcomed the decision to RTÉ withdraw from 2026 Eurovision Song Contestwhile others condemned the decision.
The organization said it would not broadcast next year’s competition if Israel took part, a decision which prevents Ireland from participating itself under Eurovision rules.
She confirmed her decision late Thursday after the European Broadcasting Union said Israel would be allowed to participate.
The Ireland-Palestine Solidarity Campaign (IPSC) published a message online saying: “Well done to RTE”.

Its president, Zoe Lawlor, said the group had been calling on the broadcaster to boycott the event for two years.
She said: “We strongly welcome RTE’s decision to stand firm in its decision and reaffirm that it will neither participate in nor broadcast Eurovision 2026. »
However, in a post on social network X, former minister Alan Shatter criticized the decision, calling it an “international embarrassment”.

He claimed it would “deprive Irish artists of the opportunity to compete to boost their careers and the Irish public of the pleasure of doing so and voting for their favorite song”.
The Dublin Broadcasting branch of the National Union of Journalists also welcomed the decision.
In a statement on »
Source link
#Congratulations #condemnation #RTÉ #withdraws #Eurovision
-
United States23 hours agoIn an accelerated procedure and without modifications, the Senate approves the minutes of the Water Law
-
United Kingdom23 hours agoEdinburgh Airport flights grounded as travelers see plans scuppered due to IT glitches
-
United States23 hours agoLeBron James’ 19-year double-digit scoring streak ends – VIDEO
-
United Kingdom23 hours agoA region of the UK where house prices are soaring – while prices stagnate elsewhere
-
Ireland23 hours agoIrish peacekeepers “realized” after coming under fire in Lebanon
-
Ireland23 hours agoWatchdog brings forward deadline for car finance companies to deal with complaints – The Irish News
-
Middle East20 hours agoIn Gaza Beauty expert’s lost dream
-
Humor & Entertainment23 hours agoMeghan Markle launches £9 Christmas chocolate bars