Salary Projection
Optimal Income Your income is optimally split between pension and take-home pay
Pension
Tax
Tax Savings
Benefits
Pension Rate
0.0%
+25%Tax Rate
36.5%
+25%Tax Savings
£-90,291
61%Benefits
£0
Salary Sacrifice
Automatic pension contributions with optional benefit schemes
Salary Sacrifice Contribution
Available pension contribution after benefits
Salary Sacrifice Contribution
Your pension contributions are deducted before tax. Here's your contribution breakdown:
Initial Pension Contribution
£206,138 per year
Remaining Pension Contribution
£206,138 per year
Employer Contribution
Additional contributions from your employer
Electric Vehicle Benefit Available
BetaThis is an illustrative example of how you could enhance your benefits package with an electric vehicle through a salary sacrifice scheme. The actual savings may vary and this feature is currently in beta.
Benefits
Based on your household income and circumstances
Marriage Allowance
Transfer £1,260 of your Personal Allowance to your spouse or civil partner to reduce their tax by up to £252.
Child Benefit
£24.00 per week for first child, £15.90 for each additional child. May be subject to High Income Child Benefit Charge.
Free Childcare (9-24 months)
15 hours per week for 38 weeks, increasing to 30 hours from Sept 2025
Free Childcare (Ages 3-4)
30 hours for 38 weeks (includes 15 hours universal entitlement)
Tax-Free Childcare
Government adds £2 for every £8 you pay for childcare.
These benefits are calculated based on your household income, children's ages, and eligibility criteria. Some benefits may be subject to additional requirements or restrictions.
Tax
Based on your income and tax
Income Tax
Savings from reduced taxable income
Income Tax
Your income tax savings are calculated based on the reduction in your taxable income from pension contributions.
This amount represents the total tax you save by reducing your taxable income through pension contributions.
National Insurance
Savings from reduced NI contributions
National Insurance
Your NI savings are calculated based on the reduction in your NI contributions from pension contributions.
Pension contributions are made before NI is calculated, reducing your NI contributions.
Monthly Tax Band Progression
Financial Impact
Complete breakdown of your financial optimizations
| Category | Current | Optimised | Impact |
|---|---|---|---|
Income |
|||
|
Gross Salary
(Before Pension Contribution and Tax)
|
£360,000
|
£360,000
|
|
|
Pre-Tax Income
(After Pension Contribution)
|
£324,000
|
£135,862
|
|
|
Take Home Pay
(After Pension, Tax & NI)
|
£176,495
|
£78,647
|
|
Pension |
|||
|
Employee Contribution
|
£18,000
5.0%
|
£206,138
57.3%
|
|
|
Employer Contribution
|
£18,000
5.0%
|
£18,000
5.0%
|
- |
Deductions |
|||
|
Income Tax
|
£135,075
|
£49,299
|
|
|
National Insurance
|
£12,430
|
£7,915
|
|
Benefits |
|||
|
Available Benefits
|
£0
|
£0
|
- |
Total Annual Benefit
(Tax Savings + Benefits)
£90,291