Salary Sacrifice

Dilly

Hi
I have a question re the above.


Last year our Pension scheme at work was 're arranged'. Usual thing:-
It went from final salary to average salary,
Non contributory to contributory
And the raised the Retirement age from 63 to 65


Part of the 'deal' was that we should pay our contributions through salary sacrifice


I now have to do my tax return and am wondering if my P60 shows my salary after the salary has been reduced by the pension payments or if I need to show the additional contributions on my tax return


Can anyone clarify this for me


Thanks

jem16

Dilly wrote: »

I now have to do my tax return and am wondering if my P60 shows my salary after the salary has been reduced by the pension payments or if I need to show the additional contributions on my tax return

Your P60 will show the salary after it has been reduced by the pension contributions.

You do not need to show anything else.

Dilly

Thanks Gem16
Wouldn't like the tax man to take too much


Nothing was said to us to ensure we were using the correct figures, so it is best to check