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Changes to Pension SalSac and Tapering
point5clue
Posts: 80 Forumite
I might be in the very fortunate position of have a very good year this year. I have been paying close to £40k per year via salary sacrifice into my pension since 2014.
This coming year I might be above £110k after sacrificing £40k.
But... I have made the odd adjustment to the agreement to ensure it doesn't over shoot. I had a pay rise a few years ago, and as the payments are a percentage I adjusted the amount downwards by a few tens of pounds a month.
So my question is: How is the 'agreement entered in to before 9th July 2015' rule interpreted ? Will my minor adjustment mean that the clock is re-set and my pension contributions are considered as part of my threshold income calulation ?
This coming year I might be above £110k after sacrificing £40k.
But... I have made the odd adjustment to the agreement to ensure it doesn't over shoot. I had a pay rise a few years ago, and as the payments are a percentage I adjusted the amount downwards by a few tens of pounds a month.
So my question is: How is the 'agreement entered in to before 9th July 2015' rule interpreted ? Will my minor adjustment mean that the clock is re-set and my pension contributions are considered as part of my threshold income calulation ?
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