New salary help

[OneSparklyGoldBear]

I currently earn a salary of 80.5k and a allowance of 10k on top of that. Current net take home is 5k a month with 6% salary sacrifice into a pension.

Been offered new role for 105k and allowance of 6k. What would be my new net take home? I want to salary sacrifice anything over 100k into pension to avoid the loss of personal allowance.

Thanks for any help.

www.thesalarycalculator.co.uk/salary.php

If you want to salary sacrifice everything over £100k then you need to sacrifice everything over £100k gross. So your net take home on 105k is irrelevant, because you’ll be asking them not to pay you that. Just sign up to sacrifice £11k p.a. into your pension (to account for the allowance) as soon as you start.

That is a very valid point.

I wanted to earn 6k net but will that ever be possible if I keep salary sacrificingm?

Why don't you use the PAYE / salary calculators you can find on google to play around with the figures?

I have but struggling with pension calculations

The one posted above allows you to enter pension contribution so you can play about with the numbers

Assuming no student loans, £100k gross salary is £5,713 net per month. So salary sacrificing down to £100k won’t get you to £6k take home. To get that you need a gross salary of £109,100. Bear in mind that compared to a gross of £100k you’re getting £3k more take home but paying £6k more tax. So it might be better to stick to your original plan of using pension salary sacrifice to get your taxable income down to £100k and just accept the £300 shortfall in monthly take home vs your original plan.

Thanks that is helpful If I salary sacrifice 10k into pension and the company contribution is 12% of my salary how much pension will I be making a year?