![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png) pm215 |
Tue 2007-01-02 10:11 |
Our company has a convenient pension arrangement which goes by the slightly alarming name of "salary sacrifice": instead of you paying 3% contributions (say), you agree to have your salary reduced by the equivalent amount, and the employer pays a higher employer's contribution instead. This also reduces the employer's NI bill, so they split the difference with the employee. As a side effect there's no need to reclaim tax on pension contributions because you aren't making any.
|
|