alick84
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15 / 30 Free Hours - Adjusted Net Income - Salary Sacrifice
I have received a promotion meaning my annual gross income will now be £100k. I currently pay into a salary sacrifice scheme for a car, which monthly deductions from my pay of £560 before tax, so annually a reduction in pay of circa £6,700. Should this be taken into account when reconfirming in the next tax year (this tax year will still be below the £100k threshold) i.e. that my taxable income for that tax year will be below £100k? Also, if I opted to increase my pension contributions (which are applied before tax) will this also reduce my taxable income?