LD
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RE: annual bonus tax implications
Hi, Don't think this has been answered above. Annual gross salary £105,000. 10% employee contribution to pension via salary sacrifice. Assuming no other benefits/allowances, net taxable income £94,500 before personal allowance, correct? Full personal allowance available as net income below £100,000, correct? Bonus of £20,000. Can I take £6,000 of the bonus (so £5,400 net after pension contribution) without any affect on income tax personal allowance? The balance of the bonus would be paid into the pension. Thanks