Salary Sacrificing more than 40K

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fidot replied

14 July 2022, 10:29
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,
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Tynos replied

13 July 2022, 15:04
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.
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lucyclarityumbrella replied

12 July 2022, 14:35
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.
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eek replied

12 July 2022, 11:29
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.
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fidot started a topic Salary Sacrificing more than 40K

12 July 2022, 11:14
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
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