Hi all, hoping I can get an answer today as I need to finalise payroll! An employee has been given a bonus of £10k and would like to pay it into their workplace pension (not salary sacrifice). They are a higher rate tax payer.
What's the most tax efficient way to make the contribution?
Hi all, hoping I can get an answer today as I need to finalise payroll! An employee has been given a bonus of £10k and would like to pay it into their workplace pension (not salary sacrifice). They are a higher rate tax payer.
What's the most tax efficient way to make the contribution?
Many thanks :)