Salary Sacrificing more than 40K

**eek** · 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.

**lucyclarityumbrella** · 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.

**Tynos** · 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.

**fidot** · 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,

Salary Sacrificing more than 40K