Salary Sacrifice Calculator
Compare your take-home pay with and without salary sacrifice pension. See how much you save on tax and NI.
£
£2,250/year5%
Your savings
Income tax saved£450
National Insurance saved£180
Total annual saving£630
Every £1 into your pension only costs you 72p of take-home pay.
Without sacrifice
Gross£45,000
Income tax-£6,486
NI-£2,594
Pension£0
Take-home£35,920
£2,993/mo
With sacrifice
Gross£42,750
Income tax-£6,036
NI-£2,414
Pension+£2,250
Take-home£34,300
£2,858/mo
The real cost of your pension
Amount going into pension£2,250/yr
Reduction in take-home pay-£1,620/yr
Tax + NI saved+£630/yr
Effective cost per £1 of pension72p