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okydoky
Posts: 267 Forumite


I contribute to my stakeholder pension at £100pm net which has always kept me just inside the limit to keep me on basic rate tax. My employer pays a separate amount of 13% of my salary.
However a bonus payment this year takes me about £8K into higher rate tax so I am considering increasing my monthly contribution to aroud £1500pm from now until the end of the tax year, and then revert to £100pm in April next year.
Is this a realistic way of doing it or do I need to make a large single payment at some point?
However a bonus payment this year takes me about £8K into higher rate tax so I am considering increasing my monthly contribution to aroud £1500pm from now until the end of the tax year, and then revert to £100pm in April next year.
Is this a realistic way of doing it or do I need to make a large single payment at some point?
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I was told always pay a lump sum towards the end of the Tax year.
don't know if it's the same these days though something to do with commissions. dunstonh is your man for a proper answer.0
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