Salary Sacrifice Calculator – time saving for you, money saving for your clients
Salary sacrifice has always provided the ideal opportunity to make pension contributions whilst saving on National Insurance and possibly tax as well. We have developed an easy to use salary sacrifice calculator which helps to illustrate the financial benefits. The calculator not only performs a simple salary sacrifice operation but will also work out how much an employee can sacrifice without compromising their take-home pay (SMART). The calculator can work out figures based on a percentage of salary or on an actual fixed amount.
To help you make the most of the calculator we’ve produced a demonstration that explains the inputs and output. View the demonstration.
Start using our Pension Salary Sacrifice Calculator – you will need flash to view it.
Important Information:
The calculator will not be suitable for high-earners who are affected by the recent anti-forestalling changes introduced in the Budget 2009. If you have any client’s affected by these changes that are looking to conduct a salary sacrifice please contact Pensions Technical at pensions.technical@land.com
Legal & General takes no responsibility for how the output from this calculator is used.
The information in this calculator is based on our current interpretation of the law and tax rates, which may change in the future. The value of tax relief will depend on the individual circumstances of your client.
The value of any money invested in a pension plan can go down as well as up, so the value of a pension fund is not guaranteed. Any money invested in a pension plan is normally tied up until retirement benefits are taken, which will generally be between 55 and 75.
