Avoiding 40% tax

Notfarfromtheborder

Hi

Quick question, my wife is a nurse and got a back payment that landed in this tax year, I was looking to reduce tax by opening a pension but not sure I need to. Her gross pay is over the HRT bracket, but taxable pay below. I presume that this is due to pension being taken from net pay and then relief added?

Numbers below
Gross Pay £52358.96
Taxable Pay £47528.92

She also had savings interest that no tax has been paid on of £2477.

My presumption is that adding taxable pay (not gross pay) and savings interest gets to £50006 so no 40% tax payable.

She would however be liable for tax of £2477 - £1000 = £1477 @ 20% = £295.40 that would be collected retrospectively via paye?

Am I on the right lines??

Many thanks

Mark_d

That looks correct to me