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aggi
But what about your Evoque lease? Can't downsize when the kids still need a pram!
Seriously though - I think it's on taxable income, so while your pension is pre-tax it doesn't reduce your taxable income number. Ianaa.
I also assume this is why you get large salaries after a certain point. The take home on 150k vs 160k is not a lot after tax as a %.