Adjusted Net Income

kenzie123

hello - I'm trying to work out how much my pension contribution needs to be per month in order to go below £50k.
is there an online calculator to do this?
thank you 

Dazed_and_C0nfused

What method are you using to contribute?

Net pay

Relief at source

Salary sacrifice

kenzie123

salary sacrifice
I have a NEST pension through my workplace

Dazed_and_C0nfused

You can't deduct them as part of your adjusted net income calculation as they are employer contributions.

The same reason you don't get any pension tax relief added like you would with a personal/employee contribution.

QrizB

kenzie123 said:

hello - I'm trying to work out how much my pension contribution needs to be per month in order to go below £50k.
is there an online calculator to do this?

and

kenzie123 said:

salary sacrifice

It's pretty easy to work out.

If your nominal salary is "S" pounds per year, and the target is £50000, the fraction to sacrifice is (S-£50000) / £S.

Example: nominal salary £80000/yr. Sacrifice % = (80000-50000)/80000 which is 30000/80000 or 0.375, so 37.5%.