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Say no to payrise as it leaves me out of pocket?

28 replies

PensionQn1 · 06/07/2021 18:31

I am due a payrise of £1,900.

Unfortunately, this payrise will just sneak me into a higher % band of pension contributions.

The additional pension contributions alone will swallow up £1,150 of the payrise. There will also be additional tax, NI and student loan to pay, meaning that the payrise will actually leave me out of pocket!

Would it be weird to refuse the payrise and explain why? Is this even possible?

OP posts:
cashoncollection · 06/07/2021 19:43

Happened to me recently, very much worse off for now

Nancydrawn · 06/07/2021 19:45

Also, I assume all future payrises will be based on this one, so it's worth doing now even if it means out of pocket temporarily (or £33 more, which is even better).

GeorgiaGirl52 · 06/07/2021 19:47

Same thing for me here. $1000 raise put $32 extra in my pocket.

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