How much NI to pay?
How much NI to pay?
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Discussion

Racehorse

Original Poster:

268 posts

29 months

Saturday
quotequote all
Employees can currently put up to £60,000 into their salary sacrifice pension scheme per year, and the tax relief is available on the whole of that contribution. But Reeves is set to introduce a new threshold of £2,000, above which contributions will incur national insurance at the usual rates 8 per cent on salaries under £50,270 and 2 per cent on income above that. The Treasury estimates the move will raise £2bn per year. It would be the second national insurance blow to businesses after employers contribution rate was raised to 15 per cent in April and the threshold at which it is levied was lowered in a move that opponents dubbed the jobs tax



If the above comes into play and you salary sacrified 15k to to keep wage at 100k what extra NI would you be paying?

E63eeeeee...

5,728 posts

68 months

Saturday
quotequote all
I wonder if this is a record, is it the furthest you've ever got into an opening post before you typed "100k"?

mikef

5,895 posts

270 months

Saturday
quotequote all
Any reason you didn t post this in the other thread you started 24 hours ago on exactly the same topic?