Farfetched……….. tax free wages

Home Forums UK Pensions General Farfetched……….. tax free wages

Viewing 0 reply threads
  • Author
    • #1825 Reply

      I earn 48K and have a company car,giving me a total taxable income of £60k.
      I am going to be 55 soon.
      Can I now pay most of my salary into my pension?
      I am thinking about paying around 30K PA into my pension giving me a much smaller monthly wage and hopefully killing my 40% tax liability.
      Then topping up my income by taking out the 25% tax free lump from my pension yearly.
      Is this viable?
      Or crazy talk?

Viewing 0 reply threads
Reply To: Farfetched……….. tax free wages
Your information:

Posted in