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Salary sacrifice query?
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[Deleted User]
Posts: 0 Newbie
We have our pension taken out via salary sacrifice so save the tax & ni. Does the government also put in 20% on top of that? I assumed not but could be wrong. If I sacrifice £80 a month will I also get £20 tax relief added!? Thanks
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Comments
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Salary sacrifice works by putting your contributions via the company. There is no tax relief on employer contributions so no, they don't give additional tax relief.0
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But of course if you sacrifice £80 then £80 (at least - depending if the employer adds to it) gets paid into the scheme but the cost, to you, is £80 less %20 tax (or more) + %12 NI (unless above the UEL - £41,865 this year).
The 12% extra is so, so sweet!0 -
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