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Teacher pension scheme, higher rate tax & child benefit help!

Hi,

I am due a salary increase which will take my salary to £51k.
The teachers pension scheme means I pay 10.2% contribution before my income is taxed (£5100).
Does this mean my 'actual' salary will be £46k so I wont pay higher rate tax? Also does this mean our child benefit wont be affected?
Thanks!

Comments

  • BoGoF
    BoGoF Posts: 7,098 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    If your payslip shows your taxable pay after the pension deduction then yes....and yes.
  • Well... other than 10.2% of £51000 being £5202... your basic premise is correct on both points.
    So B- from me. :-)
    remember to take into account any additional taxable income you have
    and to deduct any charitable donations and permitted professional memberships.
  • Providing you don't have any other taxable income which takes you back above the £50k threshold :p
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