We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
LISA vs additional workplace pension contribution?
Comments
-
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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards