9 ай бұрын
9 ай бұрын
10 ай бұрын
10 ай бұрын
Жыл бұрын
Жыл бұрын
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@bonerogg7413 2 ай бұрын
thanks a lot
@showusthemtities 2 ай бұрын
What about pay rises. For example, this person was on 50k, committed to salary sac and is now 47.5k. But that year she got a pay rise of 5%. 47.5k x 1.05 = 49.875k 50k x 1.05 = 52.5k Is this correct? Thankyou
@tclapson 3 ай бұрын
Does that mean as a director of your own limited company, you could create a SIPP with a pension provider that allows you to self select your own stocks, and be able to contribute as both yourself, and the business?
@Geezy_ 3 ай бұрын
Without a doubt THE BEST explanation I've seen on the different between Salary Sacrifice vs Net pension contributions. 👍👍👍
@BryAron. 5 ай бұрын
it affects your old age pension as well and benifits the company not you load rubbish
@marthenabriski9982 7 ай бұрын
*promosm* 👇
@khalidkhan-qx2wn 9 ай бұрын
So well presented. Easy to understand too
@rgefryer 11 ай бұрын
Nice video, particularly appreciated the final section about the potential consequences of having lower declared earnings. Which raises a key question - does the fact that your earnings are reduced by salary sacrifice affect the amount you can put into your pension? The rules are that you can't put more into a pension than you earn; does that mean that you can't sacrifice more than 50% of your income into pension, because at that point your pension contributions would exceed your (post sacrifice) earnings?
@getpenfold 11 ай бұрын
Glad you like the video, thanks! Regarding your question, it's not the amount you earn that limits how much you can put in your pension, it's the Annual Allowance, which is currently £60K per year. However your earnings come into play regarding tax relief. You can only receive tax relief up to 100% of your earnings. Everything you contribute into a pension is topped up by 25% of that amount by HMRC - that's the tax relief. We like the Money Helper website on this question: www.moneyhelper.org.uk/en/pensions-and-retirement/tax-and-pensions/the-annual-allowance
@paoloeleftheriou4926 Жыл бұрын
Very good info.
@ronaldlillico8571 Жыл бұрын
Great information would be good to get a monthly podcast from Penfold.
@pauljohnreynolds1 Жыл бұрын
Very useful and clearly put. Thanks
@gibboman Жыл бұрын
Great information. Would be good if this was also a podcast, particularly if there is no video. Would love this on google podcasts 🙂
@lawrencer25 Жыл бұрын
Fabulous video. Very very helpful. Thank you very much 🥳🥳🥳🥂👍
@devinnemusemeche1273 Жыл бұрын
🌺 pքɾօʍօʂʍ
@dipalih.8134 Жыл бұрын
👍👍👍
@gerrizonnya1382 2 жыл бұрын
8j33i vyn.fyi