See the true cost of pension contributions. Compare salary sacrifice, net pay and relief at source — including NI savings and employer match.
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Pension Contribution Methods
Salary sacrifice: Best value — you give up salary before tax and NI, saving both. Your employer also saves NI
Net pay: Employer deducts pension before calculating tax (but after NI). Saves income tax automatically
Relief at source: Deducted after tax. Your pension provider claims 20% basic rate relief. Higher/additional rate taxpayers claim extra via self-assessment
Annual allowance: £60,000/year total (employee + employer). Tapered for those earning over £260,000