Umbrella Pension Salary Sacrifice of One-off Bonus Payments

[Paralytic]

The sacrifice of an unexpected, adhoc bonus payment towards a personal pension is different to changes to the underlying regular pay salary sacrifice arrangement. That regular arrangement can only usually be varied in line with the life events mentioned or new tax year etc.

HMRC does allow separate treatment for bonus payments like this.

The above is my understanding anyway after seeking some independent tax advice on the matter.

The practical issue is finding or persuading umbrella's to facilitate these kind of legitimate adhoc, additional salary sacrifices.

This is my experience from the last time i had a perm role - i paid a regular salary sacrifice pension payment, and could also contribute a lump-sum (again salary sacraficed) from the annual bonus. So, legally, this is very much allowable, the challenge is finding an Umbrella willing to accomodate it.

If I were the OP, if time allowed before the bonus is paid, I'd be phoning around other Umbrellas (perhaps checking which ones the agency would allow, if applicable) and then resigning from the current Umbrella and moving over.

foxyy, have you contacted any other Umbrellas already?

[foxyy]

I've not left myself enough time to find an alternative umbrella, but it's something I will consider for any new contract.

Assuming there are any reputable umbrellas out there which support this and don't charge too much in fees etc.

If anyone hears of any umbrellas offering this and would recommend them, it would be good if they can share this?

Thanks