Help to check figures for pension contribution

Ceme3000

Hi All, Please can someone help me and confirm I am calculating the maximum contribution I can make into a pension correctly? I have just received my final pay following redundancy and I don't plan to work for the remainder of the tax year and I want to ensure that I contribute 100% of earnings into my pension.

My P45 taxbale pay to date is £32517 so I am using this as the basis for qualifying earnings.

My pension contributions so far this tax year are £1944.67 EES made through salary sacrifice and £2333.59 ERS, so total contribution so far is £4278.26

The diffrence between £32517 and £4278.26 is £28328.74, so the maximum I can still contribute is £22590.99 (i.e 80% of £28238.74)

Is this correct? Can I increase my earnings at all from the P45 taxable pay by adding on the Employee pension already paid so far or not as I chose to sacrifice my salary?

Many thanks.

Triumph13

All your contributions to date are classed as employer's contributions and therefore ignored for the '100% of Salary' calculation. You can contribute the full amount from your P45 gross ie pay in a cheque for 80% of the £32,517

Ceme3000

Triumph13 wrote: »

All your contributions to date are classed as employer's contributions and therefore ignored for the '100% of Salary' calculation. You can contribute the full amount from your P45 gross ie pay in a cheque for 80% of the £32,517

Yes it is paid over to the provider as an employer contribution.

Fantastic! That's a bonus, I didn't realise that!

Thank you for your reply.