Help : Pension - Salary Sacrifice - p45

Kayjay84

I am an employee and have just started a 15% salary sacrifice going towards my pension from work. The employer contributes another 4%.

If I were ever to move roles:
1) Is my basic considered to be X (or) X-15%
2) will my P45 mention X (or) X-15%
3) if asked what my basic is - am i ok to say X without disclosing salary sacrifice?

Please would someone help

vacheron

Kayjay84 wrote: »

I am an employee and have just started a 15% salary sacrifice going towards my pension from work. The employer contributes another 4%.

If I were ever to move roles:

1) Is my basic considered to be X (or) X-15%

It depends on your employer. Our employer has stated that if asked (by mortgage / credit card companies etc.) they would always quote the pre-sacrifice amount.

2) will my P45 mention X (or) X-15%

It will show how much you have been paid for tax purposes (i.e. X-15%).

3) if asked what my basic is - am i ok to say X without disclosing salary sacrifice?

I would be quoting my pre-sacrifice amount, especially as I currently sacrifice 45% of my salary and I work with others who are sacrificed down to minimum wage which wouldn't be much use if looking for a new job!

Lokolo

X is your reference salary.

Mortgages, bank accounts etc will use your reference salary but usually still ask for your net income anyway.