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Reply to: Salary Sacrificing more than 40K

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Previously on "Salary Sacrificing more than 40K"

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  • fidot
    replied
    Originally posted by lucyclarityumbrella View Post
    Just understand that if you go over the £40k and there are any tax implications then HMRC will come after you for any taxes owed on it.
    Thanks for the warning. I do have capacity from previous years as stated in original post
    Given that I haven't maxed out previous years' pension contributions,

    Leave a comment:

  • Tynos
    replied
    Originally posted by fidot View Post
    After 6 years away from contracting, I may be about to start a new contract, so I am definitely out of touch with contracting, especially inside IR35.

    If the new contract is inside IR35, I would want to maximise my pension contributions via salary sacrifice. Given that I haven't maxed out previous years' pension contributions, I am looking for recommendations for an umbrella company that will allow a salary sacrifice of more than £40K per annum.

    Anyone have any contenders?
    TIA
    Paystream allowed this for me.

    Leave a comment:

  • lucyclarityumbrella
    replied
    Just understand that if you go over the £40k and there are any tax implications then HMRC will come after you for any taxes owed on it.

    Leave a comment:

  • eek
    replied
    Originally posted by fidot View Post
    After 6 years away from contracting, I may be about to start a new contract, so I am definitely out of touch with contracting, especially inside IR35.

    If the new contract is inside IR35, I would want to maximise my pension contributions via salary sacrifice. Given that I haven't maxed out previous years' pension contributions, I am looking for recommendations for an umbrella company that will allow a salary sacrifice of more than £40K per annum.

    Anyone have any contenders?
    TIA
    Go to choice on here nowadays is Clarity which I can confirm does provide that option

    Should add that a lot of bigger umbrellas won't for various reasons..


    * Link add because there are 2 umbrellas called Clarity and that's ignoring the cloned variation.
    Last edited by eek; 12 July 2022, 11:31.

    Leave a comment:

  • fidot
    started a topic Salary Sacrificing more than 40K

    Salary Sacrificing more than 40K

    After 6 years away from contracting, I may be about to start a new contract, so I am definitely out of touch with contracting, especially inside IR35.

    If the new contract is inside IR35, I would want to maximise my pension contributions via salary sacrifice. Given that I haven't maxed out previous years' pension contributions, I am looking for recommendations for an umbrella company that will allow a salary sacrifice of more than £40K per annum.

    Anyone have any contenders?
    TIA
    Tags: None

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  1. Contracting
    1. General
      1. Brexit
    2. Business / Contracts
      1. Coronavirus Assistance
    3. Accounting / Legal
      1. Umbrella Companies
      2. HMRC Scheme Enquiries
      3. The Future of Contracting
      4. IR35 Reform
    4. Technical
    5. Welcome / FAQs
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