April will be my last ever salary payment, and it includes my annual bonus. My friendly HR person told me I could drop the entire gross pay, including some unused holiday days when I retire, into the company’s DB pension as an AVC, avoiding tax and national insurance. I’ll close down the DB shortly after and transfer to my SIPP.
I’ll save several thousands in tax, as a huge chunk of the payment would have been at higher rate.
Happy days!
Mrs PD are still firmly on track for RE on 27 April, and our grand-baby is due in two weeks. Exciting times!
Best wishes to all the U.K cohort here.
PD