Is salary sacrifice the only way to save on taxes, for those in the 40-45% tax bracket?

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Don’t forget the stealth 60% tax where this becomes an easier decision to start dumping onto your pension.

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Also did not know about the self assessment. Thank you!

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Depends what you mean by save. You get relief for other things like 1) charity donations 2) EIS or SEIS investments.

Also - don’t forget to claim pension relief for the additional amount (depending on your companies approach to pensions). Often 20% relief is assumed in the contributions you make - but you need to claim the additional 20% etc (if 40% tax rate payer) via HMRC

Thank you! My company does salary sacrifice so understood tax is withheld at the post-sacrifice salary point

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