Can someone just confirm something for me.
I work for an umbrella company, I pay 10% of my gross salary into a pension, I claim lets say for arguments sake £50 a week in schedule E expenses and I pay a fee to use the umbrella.
I do not go into the higher tax bracket.
Does my pension come off gross before Employers NI, employers NI and tax come off?
Do my expenses come off gross before Employers NI, employers NI and tax come off?
So for example if I claim £50 expenses do I actually get approx 40% back in my pocket or less?
Thanks as this has lef tme a little confused.
I work for an umbrella company, I pay 10% of my gross salary into a pension, I claim lets say for arguments sake £50 a week in schedule E expenses and I pay a fee to use the umbrella.
I do not go into the higher tax bracket.
Does my pension come off gross before Employers NI, employers NI and tax come off?
Do my expenses come off gross before Employers NI, employers NI and tax come off?
So for example if I claim £50 expenses do I actually get approx 40% back in my pocket or less?
Thanks as this has lef tme a little confused.
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