tony_tony
-
Workplace Pension Contribution and NMW
Hi, I would like to make an increased contribution to my workplace pension during March payroll. This will be completed via an AVC process. The contribution I would like to make is approximately 80% of my monthly salary. I have been told by my employer that doing so, would result in my net pay for the month being below the national minimum wage and have rejected my AVC for the amount requested and proposed a reduced value to process. Is this correct? I understood that you could make up to 100% of your salary into the pension, (up to £60k per year to receive tax benefits) Thanks