Teacher pension scheme, higher rate tax & child benefit help!

Sonic_1980
Sonic_1980 Posts: 2 Newbie
in Cutting tax
Hi,

I am due a salary increase which will take my salary to £51k.
The teachers pension scheme means I pay 10.2% contribution before my income is taxed (£5100).
Does this mean my 'actual' salary will be £46k so I wont pay higher rate tax? Also does this mean our child benefit wont be affected?
Thanks!

Comments

  • BoGoF
    BoGoF Posts: 7,099 Forumite
    Name Dropper First Anniversary First Post
    If your payslip shows your taxable pay after the pension deduction then yes....and yes.
  • On-the-coast
    On-the-coast Posts: 409 Forumite
    First Anniversary Name Dropper First Post
    Well... other than 10.2% of £51000 being £5202... your basic premise is correct on both points.
    So B- from me. :-)
    remember to take into account any additional taxable income you have
    and to deduct any charitable donations and permitted professional memberships.
  • Dazed_and_confused
    Dazed_and_confused Posts: 6,458 Forumite
    Uniform Washer
    Providing you don't have any other taxable income which takes you back above the £50k threshold :p
This discussion has been closed.
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