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Original poster

Achieving take home wage

30 replies

OneSparklyGoldBear · 31/03/2025 21:55

Got a job offer for 96k salary. I get other allowances worth another 8k-9k on top. Company will put in pension contribution of 10%.
I want to take home net monthly pay of £5700 post taxes and NI from both salary and allowances.

What amount should I salary sacrifice into pension to keep me below dread 100k but also get me that net monthly income.

OP posts:
partyofsevenbubbles · 05/04/2025 15:27

i earn a basic salary north of 120 and get a bonus once a year that can be significant (or zero). If I take home more than about 5.4k a month by the time my Bupa cover etc is added back I will go over the £100k threshold. And if I get a bonus I have to deal with that straight away.

Chasingsquirrels · 05/04/2025 15:56

taxguru · 05/04/2025 11:48

It IS a tax for contractors, freelancers and umbrella firm users where the employers NIC is also taken from their day rate, along with income tax, employee nic, employer pension and employee pension, employers apprenticeship levy, etc. So it IS relevant for workers who are paid in that way.

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But if you were looking at overall tax take and most tax efficient way to extract in those situations then surely you wouldn't be using ChatGPT!

It doesn't appear to be the situation the OP has described.

Original poster
OneSparklyGoldBear · 12/04/2025 09:21

partyofsevenbubbles · 05/04/2025 15:27

i earn a basic salary north of 120 and get a bonus once a year that can be significant (or zero). If I take home more than about 5.4k a month by the time my Bupa cover etc is added back I will go over the £100k threshold. And if I get a bonus I have to deal with that straight away.

Is BUPA cost added to your salary?

OP posts:
partyofsevenbubbles · 12/04/2025 10:01

Yes, it used to be in p11d but my company payroll benefits now - it’s a taxable benefit so the whole amount of the Bupa premium is treated as salary.

Oblomov25 · 12/04/2025 10:09

Love a good high earner thread. 😉

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