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LISA vs additional workplace pension contribution?
Comments
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How would the income tax payable when the pension is received affect the calculation?Only if you think £15 difference (on £30K) out of every £100 earned is considered 'slight.' On the marginal rates at that salary:
Neither: Earn £100, IT £20, NI £12, net £68.
SS: Earn £100, £100 goes into pension.
LISA: Earn £100, net £68, pay that into LISA will get 25% making it £85.0 -
How would the income tax payable when the pension is received affect the calculation?
Presuming the current tax regime of 20% IT below, and total pensionable income under £50K
SS : £100 => all £100 while below TFA, £25 PCLS + £75*80 = £87.40 above TFA
LISA: £85=> £85.Conjugating the verb 'to be":
-o I am humble -o You are attention seeking -o She is Nadine Dorries0
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