Question on SMART (salary sacrifice)
maxthepolarbear
Posts: 52 Forumite
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:
This is the output:
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?
I've put in some dummy inputs:
This is the output:
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?
0
Comments
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Have you looked at your post (on a mobile?)0
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Dazed_and_confused wrote: »Have you looked at your post (on a mobile?)
Sorry images didn't get embedded - now fixed. Thanks for spotting it!0 -
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 Dorries0 -
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 NMWI think....0
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