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Tax brackets for savings interest income - Do I include salary sacrifice pension contributions?

What_time_is_it · 2024-03-28 09:45:32

Hi there. I'm trying to work out how to balance savings between myself and my partner for the 24/25 tax year to ensure that neither of us go into the higher rate tax bracket on our savings interest. I currently make quite a large contribution each month to my pension via salary sacrifice. So which figure do I use to work…

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What_time_is_it Posts: 921 Forumite

28 March 2024 at 11:32AM

Thanks for patiently explaining this!
I really appreciate it.

Think I've got it now.
"HMRC only ever know about your (reduced) reportable gross figure. You only ever have to concern yourself with the (reduced) gross income figure. Your contracted salary is neither here nor there, it is all about the reduced gross income."

This place is great for advice.

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