If your are close to the level where a moderate salary increase could cost you your child benefits, some timely financial planning could save you thousands.
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Posts Tagged ‘Salary Sacrifice’
Financial planning could save your child benefits
Wednesday, October 20th, 2010Biting the bullet with salary sacrifice
Thursday, June 18th, 2009Until the recent budget, National Insurance at 11% formerly applied only to the first £34,840 of your income. On the remainder of your income above and beyond that, your National Insurance contributions were just 1%. However, this £34,840 threshold has now increased to £43,888, so that there is an additional £9,048 where national insurance takes [...]
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