I'm looking to put the max £40k pa into my pension via salary sacrifice through the umbrella, Paystream.
Does it make a financial difference when in the tax year the salary sacrifice is paid into the pension?
My contact is until Nov. So I could put the standard £3,333 pm into pension or I could just pay £10k pm for the last 4 months of the financial year, starting Dec (assuming I'm still working).
Doing the latter means maximum take home pay in the event I don't work/renew post-Nov.
I suspect it may not be that simple but would be good to know if the timing of salary sacrifice makes any difference to the tax calculations.
Does it make a financial difference when in the tax year the salary sacrifice is paid into the pension?
My contact is until Nov. So I could put the standard £3,333 pm into pension or I could just pay £10k pm for the last 4 months of the financial year, starting Dec (assuming I'm still working).
Doing the latter means maximum take home pay in the event I don't work/renew post-Nov.
I suspect it may not be that simple but would be good to know if the timing of salary sacrifice makes any difference to the tax calculations.
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