Shall I take my bonus all at once or spread it out?

supersinglerent

Help please: being taxed at 40% for the bonus is painful which has been the case in the past, I work hard to earn my bonus but to be taxed at 40% is like a robbery.
I've been given the options to have it paid for next month's payroll or spread out over 12 months, Would appreciate some advice please

CBN

It'll make very little difference - 85% of it will hit this tax year, which is all that matters.

supersinglerent

CBN said:

It'll make very little difference - 85% of it will hit this tax year, which is all that matters.

That's what I thought, but in the meantime (also a question from another thread) I'm exploring the salary sacrifice to invest into my pension, just all seems so complicated

CBN

If you can afford to invest it into your pension (40% tax relief!) then that's the very best financial decision you can make.