Soldato
My company is offering a salary sacrifice in exchange for a non-cash benefit, in this case an increased contribution to your pension based on the sacrifice amount. On the face of it, it seems like an obvious blag to lower your and your employer’s tax and NI payments.
I'm not terribly keen if I'm honest; morally I'd rather pay and my company pay their full dues when it comes to NI contributions considering the state of our cash-strapped NHS. The benefits to me, the employee seem minimal as a tax relief considering other factors like multipliers for pension contribution, overtime, life insurance etc when lowering your cash remuneration.
I suspect I'm missing the full pro and cons here. Anyone else been through this or have experience with this process.
Cheers!
I'm not terribly keen if I'm honest; morally I'd rather pay and my company pay their full dues when it comes to NI contributions considering the state of our cash-strapped NHS. The benefits to me, the employee seem minimal as a tax relief considering other factors like multipliers for pension contribution, overtime, life insurance etc when lowering your cash remuneration.
I suspect I'm missing the full pro and cons here. Anyone else been through this or have experience with this process.
Cheers!