Re: which stakeholder pension

On Fri, 30 May 2008 11:49:06 +0100, "Matti Lamprhey"
<matti@xxxxxxxxxxxxxxxxxxxxxxxxxxxxx> wrote:

In fact, given that her employer seems to be showing signs of unusual
flexibility, she should ask them to reduce her salary by the amount she
would have contributed herself and to add that amount to the employer's
pension contribution instead. This is known as 'salary sacrifice'; the
whole amount is thereby tucked away from PAYE and liability to income
tax or NI. It's the lack of NI which produces the benefit to both
employer and employee.

Don't take this to the extent that it reduces earnings below the NI
Lower Earnings Limit, nor so that her salary is too low to justify any
mortgage you and she might want to negotiate.


Yup - ISTR my employer setting up something along those lines.
--

blackbat /\x/\
.

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