I have had a 4.5% pay increase which takes me into a the high tax bracket. My pension contribution is currently 3%, can i increase this to total 4.5% keeping me in the lower tax bracket and maintaining my child tax credits.
The 1st question is.....are you an MP? If the answer is yes,then your plan will work. If you are not then chances are it would be seen as a tax avoidance method and be frowned upon by hector!
Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
Sorry if I offend but don't you think that's being a bit greedy ? We are just over the threshold of 26k for one child and get zero anything apRt from Child benefit , can't have your cake and eat it !
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.