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Posted Tue, 12 Mar 2024 13:23:09 GMT by pete parat
I am exercising employer's shares options from an unapproved scheme. The exercise value is subject to PAYE/NI. Is it possible to treat the payment as a salary sacrifice for making a pension contribution?
Posted Tue, 19 Mar 2024 13:12:14 GMT by HMRC Admin 8
Hi,
Your employer should deduct tax and NIC on the payment.  You can pay the net figure into your pension scheme and have your pension provideer claim tax relief, you would then need to claim higher rate relief on penson payments, if you pay tax at the higher rate or additional rate.
Thank you.
 

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