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Question on SMART (salary sacrifice)

maxthepolarbear
maxthepolarbear Posts: 52 Forumite
Sixth Anniversary 10 Posts Combo Breaker
edited 30 October 2018 at 11:16PM in Pensions, annuities & retirement planning
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

  • Dazed_and_confused
    Dazed_and_confused Posts: 6,458 Forumite
    Uniform Washer
    Have you looked at your post (on a mobile?)
  • maxthepolarbear
    maxthepolarbear Posts: 52 Forumite
    Sixth Anniversary 10 Posts Combo Breaker
    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!
  • Paul_Herring
    Paul_Herring Posts: 7,484 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    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: 29,530 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    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.
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