Salary Sacrifice/Pension/Tax Rate

Thmas_Covenant

I get a 5% + 5% pension with my new employer. I am just in the top rate of tax at £45k. I have been offered the option to pay my 5% and they pay their 5% pension, OR they pay a slightly higher amount to my pension and me a reduced salary of £42,672. The net effect is that I take home exactly the same, they pay out exactly the same and my pension pot gets an extra £400 per year.
Seems a no brainer to me, but are there any disadvantages that I haven't thought of?

Any

I think I would post this question on a pension board as well, there are some advisors used to dealing with questions like this I believe.

From what I gather it depends on your age etc..

Also is the company promising any future increases etc to be based on the original salary? ie they will keep a notional salary still and base all on that?

A lot of companies do, but some might not and obviously you could loose out a little on any future increases.

Thmas_Covenant

Thanks for that