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FOR ADVISERS ONLY

Additional savings

This image shows the additional savings that can be made using salary exchange.

Before the contribution:
Taxable income £125,000
Personal allowance zero
Employee National Insurance £6,464.16
Empoyer National Insureance £16,058.78
Tax £42,500
Net pension contribution zero
Income after tax £76,035.84

After the contribution:
Taxable income £100,000
Personal allowance £12,500
Employee National Insurance £5,964.16
Empoyer National Insureance £12,608.78
Tax £27,500
Employer pension contribution £28,450.00
Income after tax £66,535.84

This website is intended for financial advisers only and shouldn't be relied upon by any other person. If you are not an adviser please visit royallondon.com.

The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The firm is on the Financial Services Register, registration number 117672. It provides life assurance and pensions. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London, EC3V 0RL.