| Comment | For a couple of reasons, it is worth maxing out your employer's matched amount for your pension and then masking some additional payments (AVCs or Additional Voluntary Contributions) to reduce your taxable salary. You're setting yourself up for the future and can justifiably say that your taxable salary is below the £40k threshold, as that's how the HMRC will see it.
Well done on the payrise - just don't go mental with it! |
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