Salary sacrifice is better (which it sounds like it is), so this is a good result. It's pretty much the norm now. Less faffing about with tax codes, more tax saving (due to NI as mentioned above),...
Type: Posts; User: M1011
Salary sacrifice is better (which it sounds like it is), so this is a good result. It's pretty much the norm now. Less faffing about with tax codes, more tax saving (due to NI as mentioned above),...
Yea it's pretty much essential in that income bracket I think. 62% saving if you're able to contribute to your workplace pension via salary sacrifice and avoid NI too. Considerably more if you've got...
It's quite clearly explained in the statement you quoted to be fair!