Hi Phil,
Yes, I was wondering that myself. Thanks for confirming!
These are my calculations, are they correct?:
Personal Teacher pension contributions at 8.6%: £3178
Pension match: £10,385
Total: £13,563
So my potential rough annual shift from GIA to pensions/ISA:
GIA -> ISA: £20,000 (as long as Cap Gains isn't an issue)
GIA -> SIPPs: potentially £20,800 (this +20% = £26,000, so + £13,563 = £39,563, just within the £40,000 limit)
EDITED - first example exceeded £40k!
Any leftovers from my actual salary would probably be put into a GIA. (Not my wife's ISA unfortunately, as I believe ISAs are 'look-through' for Americans and US tax purposes).