Completing my tax return when I become a higher-rate tax payer

[Deleted User]

Can_not_think_of_one said:

@Dazed_and_C0nfused

Phew! I thought so but you never know. I'll carry on overtiming while I can then.

Unfortunately, for me, I had assumed that you were NHS which also uses the CARE scheme which specifically excludes overtime as pensionable pay. You have stated that you are not NHS in your last post - my apologies!

i thought that IT was generous!



Scheme Costs

If you worked full time. Typically, pensionable pay is basic pay, and some supplements, up to full time hours - 37.5 hours for Agenda for Change and 40 hours for medical and dental contracts. It doesn't include overtime, so you won't pay pension contributions on pay over full-time hours, such as Bank or overtime.

Can_not_think_of_one

@[Deleted User] - No apologies needed. Before your post, I would have assumed all CARE pensions worked as mine; obviously not. We learn something new...