Before deciding to go ahead with the salary sacrifice arrangement you are advised to consider the impact that this lower salary may have on mortgage or loan applications and any other benefits or schemes that you are part of as your salary. For example, you might want to consider the impact on any insurance schemes you have in place – such as income protection, life assurance, mortgage protection etc. Again we suggest that you speak with your pension advisor for more advice.
Is there anything else I should consider before setting up a salary sacrifice arrangement for a personal pension?
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