Investment & Investing

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frank9755 in reply to @hippy

For instance, if you chose to sacrifice £100 per month the total amount paid into your pension scheme per month is £106.90. (£100.00 x 13.8% / 2 = £106.90)"

This might be obvious but you're sacrificing pre tax income. So if you pay 40% marginal tax, you are sacrificing (£60 minus whatever the employees NI is) to get the £106.90.

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hippy in reply to @frank9755

You mean "be careful telling them to sacrifice a large amount coz you might not have any money for beer afterwards" if I forget they're still taking tax off the reduced amount later?

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