Question on SMART (salary sacrifice)

maxthepolarbear
maxthepolarbear Posts: 52 Forumite
First Post First Anniversary Combo Breaker
Hi, I've been playing with the salary sacrifice calculator in the legal and general website. https://www.legalandgeneral.com/workplacebenefits/employees/plan-for-your-future/salary-sacrifice/


I've put in some dummy inputs:
Capture0.png

This is the output:
pbZTRRd
Capture1.png


I'm happy with how the before and after simple salary sacrifice columns are calculated but I'm a bit unsure how the salary (£44,654.41) and total pension contribution (£6,083.28) figures are derived. Could someone please enlighten me?

Comments

  • Have you looked at your post (on a mobile?)
  • Have you looked at your post (on a mobile?)


    Sorry images didn't get embedded - now fixed. Thanks for spotting it!
  • Capture1.png

    I'm more interested in why the Employee Income Tax isn't changing between the first two columns when the gross wage is £5,000 different.
    Conjugating the verb 'to be":
    -o I am humble -o You are attention seeking -o She is Nadine Dorries
  • michaels
    michaels Posts: 27,993 Forumite
    Photogenic Name Dropper First Anniversary First Post
    edited 31 October 2018 at 1:09AM
    Are cols 1 and 2 comparing sal sac with avc? Basically it works out what level of sal sac would give you the same net income as a certain amount of avc.

    Calculator seems to know nothing about AA or NMW :(
    I think....
This discussion has been closed.
Meet your Ambassadors

Categories

  • All Categories
  • 343.1K Banking & Borrowing
  • 250.1K Reduce Debt & Boost Income
  • 449.7K Spending & Discounts
  • 235.2K Work, Benefits & Business
  • 607.9K Mortgages, Homes & Bills
  • 173K Life & Family
  • 247.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards