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Salary Sacrificing more than 40K

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    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

    #2
    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.
    merely at clientco for the entertainment

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      #3
      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.

      Comment


        #4
        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.

        Comment


          #5
          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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