We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Available savings allowance

Bobziz
Posts: 670 Forumite

in Cutting tax
Hi, if I make net pay pension contributions such that my taxable pay is £12570, am I right in assuming that I have both the full £5k starter rate for savings and £1k savings allowance available ?
Thanks.
Thanks.
0
Comments
-
Bobziz said:Hi, if I make net pay pension contributions such that my taxable pay is £12570, am I right in assuming that I have both the full £5k starter rate for savings and £1k savings allowance available ?
Thanks.
Net pay contributions aren't something you usually "make", they are part of your employers payroll process.1 -
Dazed_and_C0nfused said:Bobziz said:Hi, if I make net pay pension contributions such that my taxable pay is £12570, am I right in assuming that I have both the full £5k starter rate for savings and £1k savings allowance available ?
Thanks.
Net pay contributions aren't something you usually "make", they are part of your employers payroll process.0 -
Bobziz said:Dazed_and_C0nfused said:Bobziz said:Hi, if I make net pay pension contributions such that my taxable pay is £12570, am I right in assuming that I have both the full £5k starter rate for savings and £1k savings allowance available ?
Thanks.
Net pay contributions aren't something you usually "make", they are part of your employers payroll process.
Or £3,740 of it if you have applied for Marriage Allowance.1
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.4K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.4K Work, Benefits & Business
- 599.7K Mortgages, Homes & Bills
- 177.2K Life & Family
- 258K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards