Likely. Marginal rate is even higher if you have young kids (loss of childcare account and 30 hours free childcare if £100k).
Depending on your package breakdown, next tax year see if you can salary sacrifice over the year down to £100k on the base and then when you know bonuses / co stocks vested amounts etc, can then make further decisions. The latter are never guaranteed. There’s tax (no employee NI) and cash flow benefits of salary sacrifice vs SIPP.
Depending on your package breakdown, next tax year see if you can salary sacrifice over the year down to £100k on the base and then when you know bonuses / co stocks vested amounts etc, can then make further decisions. The latter are never guaranteed. There’s tax (no employee NI) and cash flow benefits of salary sacrifice vs SIPP.
Statistics: Posted by Genghis — Wed Mar 20, 2024 12:21 pm — Replies 1 — Views 31