We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Pension Contributions - is it wise to pay as much as possible into pension?
Comments
-
Like I said above, pay enough into a pension to take you both out of HRtax completely. If you have cash in unwrapped accounts, add a but more on top or those will be taxed at higher rate if they push you over.0
-
Thanks, how do I calculate how much I need to pay in annually to bring me below the 40% tax bracket?
My code is 656L, I've tried to work it out and I think my contributions should be 25% based on my salary of £48500 that was using http://www.listentotaxman.com
Does that look right?0 -
How much income do you have from unwrapped accts or dividends elsewhere?0
-
LongTimeThinker wrote: »Thanks, how do I calculate how much I need to pay in annually to bring me below the 40% tax bracket?
My code is 656L, I've tried to work it out and I think my contributions should be 25% based on my salary of £48500 that was using http://www.listentotaxman.com
Does that look right?
8.1 K nett, based upon the above info0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.6K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.3K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards