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Contract - salary sacrificed pension
RoseLondon
Posts: 32 Forumite
in Cutting tax
So my husband has received his new contract from his future employer.
If he wants to out the sum of above 100k into pension, does he need to agree with the company uofront and revise the salary sum in the contract?
My husband thinks it doesn't affect the wordings in his contract and he thinks he just needs "sacrifice his salary into his pension somehow".
In my company, I had to sign an agreement with my company/pension plan to sacrifice that sum agree. By doing so, my salary in the revised contract actually was reduced. At least that's how I remember.
If he wants to put the Delta into pension, DOES he need to ask first and revise his contract?
Many thanks!
If he wants to out the sum of above 100k into pension, does he need to agree with the company uofront and revise the salary sum in the contract?
My husband thinks it doesn't affect the wordings in his contract and he thinks he just needs "sacrifice his salary into his pension somehow".
In my company, I had to sign an agreement with my company/pension plan to sacrifice that sum agree. By doing so, my salary in the revised contract actually was reduced. At least that's how I remember.
If he wants to put the Delta into pension, DOES he need to ask first and revise his contract?
Many thanks!
0
Comments
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Perhaps the reason you have not already had an answer is that we are not familiar with his contract, his employer or its chosen pension scheme.
He should ask for details of the Employer's scheme, but if all else fails he can put the excess into a personal pension prior to the end of next tax year.0
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