Member

Then we have the costs of this. We have talked about administrative complexity. There is the cost of revising pension scheme rules: these have to be set by the employer for their workforce, and they will need to be changed. There are the costs of renegotiating contracts of employment; a salary sacrifice arrangement is a change to the contract of employment. The Minister may tell me that I am incorrect on that but, as I understand it, if a salary sacrifice arrangement changes, the employment contract needs to be revisited. There are costs, obviously, of new payroll software and of answering queries for your workforce that does not understand what has happened when these changes come in.