Tom Birch, 43, from Bath (pictured with wife Erika, 34, and children, Jackson, six, Maddie, five, and one-year-old Harry) earns £100,000 a year in his financial services job and receives extra life insurance, dental cover, and critical illness cover through a salary sacrifice scheme.
But those who give up part of their salary in exchange for such benefits will be penalised from next year following the Chancellor's announcement on Wednesday. A shake-up means they could pay hundreds of pounds more in tax and national insurance to continue receiving the perks.
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