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What changes for salary sacrifice?
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It introduces a strange mindset. Now you can have FOMO knowing you could have it for another couple of years but 57 is my magic number. Need to stick to my convictions. It’ll probably changed again by 2029 anyway, like many of the smoke and mirrors.artyboy said:
Basically what Mrs Arty is doing...Cobbler_tone said:Or the obvious sweet spot. Hammer it now and retire before 2029. Takes it out of the equation.
I know, that’s not helping.
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Re: my £7400 hit - about £5k is the employer NI that they won't be adding to my pension after the change. The rest is the mainly 8% with some 2% NI that I'll have to pay.
I'd worked out "around £7k" from the top of my head, ChatGPT confirmed this with an 'accurate' breakdown.
Academic for me as I mentioned, as I'll have retired by 2029.1
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