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Paying extra contributions advice

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  • Scrounger
    Scrounger Posts: 1,006
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    I'm suprised to see that my first job doing weekend work whilst at school for 3 years counts, leaving only 9 more years to complete with 23 completed.
    So you could be retired by 49. :beer:

    Scrounger
  • cloud_dog
    cloud_dog Posts: 6,026
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    Thankyou for the reply, am I correct to say the 20% tax relief total is against how much is paid in.



    20% of £100 contribution is £20 relief added to pension pot.

    then 20% of £200 is £40 and going all the way up to whatever the maximum is for basic rate tax.
    Hi... Do you know if your company operates 'salary sacrifice'?

    If they did any you made your additional contributions in to the company's pension scheme then you should save additional 12% in NI on your contributions.
    Personal Responsibility - Sad but True :D

    Sometimes.... I am like a dog with a bone
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