Money Lesson Single

The quiet NI win

Everyone knows a pension saves you Income Tax. Almost nobody prices the National Insurance, and from 2029 the part of it worth having is capped at a figure that never rises.

What is a pound given up at source actually worth against the same pound taken home?

Employment Expenses ISA Savings Account Investments

Sacrifice into your pension

2 Goals

Give up a tenth of pay at source, so the pension gets the whole gross pound.

Try this plan

Employment Expenses ISA Savings Account Investments

Take the pay

2 Goals

Keep the pay, hand over the Income Tax and the National Insurance, and invest what is left.

Try this plan

Sacrifice into your pension Take the pay

Sacrificing that slice of pay leaves you ~£291.7k wealthier than taking it home and investing what survives the tax.