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Faze retirement help
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But the gross contribution does increase your basic rate band meaning you can pay more 20% tax and less at 40%.zutman said:I’ve had a work with my payroll and the pension company claims back the tax so I take it the pension I pay does not decrease my gross pay which is bad news0 -
As you seem to be in a 'Relief at Source' scheme. Your pension contributions come out of your after tax pay. The pension provider adds basic rate tax relief and you claim back the additional higher rate relief.zutman said:I’ve had a work with my payroll and the pension company claims back the tax so I take it the pension I pay does not decrease my gross pay which is bad news
Your gross pay is unaffected,0
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