Ah gotcha, re: the pay cut thing then yes 100%, not least because employers also pay national insurance of 13.8%!
So your employer is paying 13.8%, then you are paying 40% income tax, and 2% employee national insurance.
And gift aid / payroll giving is pretty good, but not that good!
Ah gotcha, re: the pay cut thing then yes 100%, not least because employers also pay national insurance of 13.8%!
So your employer is paying 13.8%, then you are paying 40% income tax, and 2% employee national insurance.
And gift aid / payroll giving is pretty good, but not that good!