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Ok to pay 100% of March salary into pension?
Comments
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xylophone said:I called my pension provider who said they're recieving it as salary exchange (aka salary sacrafice with relief at source) - they haven't had to arrange tax relief on top.
You are not on a "relief at source" arrangement and if you refer to RAS in connection with your scheme, you will cause confusion.
RAS, "net pay" and salary sacrifice are explained.
You cannot sacrifice to the extent that your salary is reduced to an amount under minimum wage.
Thanks for clarifying - the pension provider person I spoke to said "salary exchange" and when I said is that basically salary sacrifice via relief at source, they said yes. Hence my confusion!As my request still allows for NMW to be met regardless, I'm covered whether it's net pay, SS or otherwise, right?1 -
I posed the same question to my employer some time ago. The response I received was that the NMW must be upheld every month, which means you can put all your salary - NWM to your pension.
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