Getting out the 40% Tax bracket by increasing Pension Contributions.

Dazed_and_C0nfused

Fly100 said:

My error, I have no idea how i came to the other tax code, min as you say is 867L. Apologies

Could you be getting £60 expenses allowance in your tax code, maybe for washing a logo'd uniform?

867L would make sense then,

12570 + 60 - 3960 = 8670

Fly100

Dazed_and_C0nfused said:

Fly100 said:

My error, I have no idea how i came to the other tax code, min as you say is 867L. Apologies

Could you be getting £60 expenses allowance in your tax code, maybe for washing a logo'd uniform?

867L would make sense then,

12570 + 60 - 3960 = 8670

Flat Job expenses is £60 so im going to say yes.

[Deleted User]

So your income is £53000 plus £3960 van benefit which is £56960. 

Your personal allowance is 12570 and you have 60 in fixed rate expenses. 

You are £6630 into the HR band. 

Your salary is £51667 before salary sacrifice of 10%. 

This needs to increase to 22.8% to enable your income to be below 50330.

Fly100

Many thanks for the info & help, greatly appreciated.

FLY