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Tx Advice required PLEASE
omg_3
Posts: 101 Forumite
in Cutting tax
I would like some advice please. My gross salary is £40,577. I pay 6% into a final salary pension scheme. I pay £1,500 pa into a company Share Incentive Plan (Tax Free). My tax code is 158L. How much do I need to put into AVC's to avoid paying 40% tax on both my earnings and savings?
0
Comments
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at the moment it looks like this
salary 40,577
less pension of 2433
is 38123
less 1500
is 36623
less 10% band of 2150
is 32983
less 22% band of 31150
is 1,7430
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