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What % to come under 40% tax

5 replies

Pensiongrey · 05/09/2023 14:44

Can anyone help me???
I earn 65k a year- I want to salary sacrifice to come under the 40% tax bracket.

what % of my wage do I need to sacrifice?

OP posts:
Bromptotoo · 05/09/2023 15:38

If you sacrifice cash where would you want it to go (eg into a pension)?

BorgQueen · 05/09/2023 16:54

You need to sacrifice £15k so it’s around 23%, that will take you to £50050.

cloverleafy · 05/09/2023 16:58

23% approx, to get to £50,050 taxable income.

Pensiongrey · 05/09/2023 21:56

Thanks so much - yes sacrifice into a pension.
My form at work requires a % amount and so
just wanted to double check.

Appreciate the replies

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