Redundancy Payment into Pension?

ecnirp98

I am receiving my redundancy payment and last monthly pay at the end of June, so I am about to instruct my payroll department to make the payments to my pension from the June payroll, so I thought I would just check here to make sure I am not missing anything:


Redundancy payment £42,500
Po-Rata Bonus £2,200
Gross Pay in June £5,500


So in Junes Payroll I will receive around £50,200


So I am planning to instruct my companies payroll to pay £20,000 into my contribution company pension, so that means I will receive remaining £30,000 tax free in my payroll.


I have a new job that I start in July, so I do not need the extra money above the £30,000 tax free, so this seems the most tax efficient way of using the money as a 40% tax payer.


Does this sound ok?