Originally posted by JHamp82
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Previously on "Do pension contributions reduce NI liability on inside IR35 contract?"
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As far as I understand, it should reduce both NI’s as well as income tax, but it may be best speaking to the agent/umbrella.
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Originally posted by juckky View Post
I understand that it will reduce the "employees" PAYE NI liability, but are you saying it does reduce the "employers" NI liability too?Last edited by eek; 12 May 2021, 18:15.
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Originally posted by juckky View PostSo I have finally had to succumb and through gritted teeth accept an inside IR35 contract. To try and minimise my PAYE tax liability I am planning on maxing out pension contributions so that I come in under the 40% tax rate, which at present means reducing my gross to about 50k. If for example the gross contact rate per year before employers NI and apprenticeship levy is 100k, will making the large pension contribution reduce the employers NI and apprenticeship levy or are those fixed percentages and the amount I pay into the pension will not bring those amounts down?
Thanks
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Do pension contributions reduce NI liability on inside IR35 contract?
So I have finally had to succumb and through gritted teeth accept an inside IR35 contract. To try and minimise my PAYE tax liability I am planning on maxing out pension contributions so that I come in under the 40% tax rate, which at present means reducing my gross to about 50k. If for example the gross contact rate per year before employers NI and apprenticeship levy is 100k, will making the large pension contribution reduce the employers NI and apprenticeship levy or are those fixed percentages and the amount I pay into the pension will not bring those amounts down?
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