Pension - calculating threshold income inside IR35 (via umbrella)

[Juninho1976]

Hi thanks ^^^^

I’ll try that!

[Wary]

Apologies this may be a very basic question but I am trying to work out the threshold income, to calculate the tapered pension allowance, inside IR35.

Am I right in thinking the calculations for threshold income should be net of employer NICs?

i.e. This is the 'gross' salary then - i.e. after the umbrella has taken off employer NICs ?

Or would it be all classified as income (i.e. the gross rate multiplied by the days worked?)

Maybe try posting your question here (you're likely to get more expert advice than on this forum when it comes to pensions):
Pensions, Annuities & Retirement Planning — MoneySavingExpert Forum

[Juninho1976]

Thanks for this but sadly it doesn't answer my question.

It mentions:

"Both adjusted and threshold income include all taxable income. "

but its still not clear if my 'taxable' income should be calculated PRE Employers NIC or POST it ...

I believe it should be the latter but I'd like to be sure...

Also just to add I've also asked my limited company accountants but they could not clarify either (to be fair they're one of those contractor accountants).

Wouldn't have thought all this would be that complicated - but the article you linked to leads with the statement that all of this is so complicated!!

Might just leave it a day or two and go back to reading the gov pages or ideally call someone up there to clarify!

I don't know. But this might give you some pointers:

The annual allowance for pensions

[Juninho1976]

The person I emailed was not able to give me an answer and was not even aware (as far as I can tell) that there was a tapered allowance.

To be fair I had complicated the question I asked a little as I was including dividends i would like to pay myself - I have worked out the treatment of these now at least hence the hopefully more straightforward question above.

Edited to add: this was in response to the northernladuk response

[sludgesurfer]

Apologies this may be a very basic question but I am trying to work out the threshold income, to calculate the tapered pension allowance, inside IR35.

Am I right in thinking the calculations for threshold income should be net of employer NICs?

i.e. This is the 'gross' salary then - i.e. after the umbrella has taken off employer NICs ?

Or would it be all classified as income (i.e. the gross rate multiplied by the days worked?)

I don't know. But this might give you some pointers:

The annual allowance for pensions

[northernladuk]

Have you tried asking your umbrella?

[Juninho1976]

Apologies this may be a very basic question but I am trying to work out the threshold income, to calculate the tapered pension allowance, inside IR35.

Am I right in thinking the calculations for threshold income should be net of employer NICs?

i.e. This is the 'gross' salary then - i.e. after the umbrella has taken off employer NICs ?

Or would it be all classified as income (i.e. the gross rate multiplied by the days worked?)