Go Back   Forums @ The Digital Fix > Shopping and Money Forums > Finance Discussion Forum

Thread Tools Display Modes
Prev Previous Post   Next Post Next
Old 18-01-2021, 17:28   #24
Arthur Fowler
Trusted User
Arthur Fowler's Avatar
Join Date: Aug 2002
Location: Bedfordshire
Posts: 11,406
Thanks: 1,107
Thanked 523 Times in 304 Posts
Originally Posted by cjanderson View Post
i am trying to work out this year if its worth me putting extra into pension when I am now a 20% tax payer.

As you then pay 20% on it when you get the money in the future

Though it also will save me NI won't it at 12% (and employer gives me half of their NI saved) so I get an extra 19% on top of the tax saving.

Before I always tried to get just below 40% band via pension so not thought about the maths of doing it at lower salary levels.
Good point on the paying tax when you take your pension. Should have made that clear on my previous post.
I intend to take a big chunk of the extra contributions I am making now in the tax free lump sum when I retire.
Arthur Fowler is offline   Reply With Quote


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Large memory not so large processor - best optimisation? Guest 81 Computing Forum 2 28-01-2005 18:57

All times are GMT. The time now is 10:01.

Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2021, vBulletin Solutions, Inc.qq
Copyright ©2000 - 2021 Network N Ltd.