Important to check that the pensionable arrears are allocated to the correct pension year, or there will be incorrectly high theoretical growth in 24/25. Easier said than done at present with the pressure the NHS pnsions service is under.
How can I reduce my income threshold below 100k via the NHS pension additional contributions? If I need to reduce about 20k of taxable income- do I contribute monthly or lump sum? If I contribute monthly- would it not spill over into the next years tax implications?
Important to check that the pensionable arrears are allocated to the correct pension year, or there will be incorrectly high theoretical growth in 24/25. Easier said than done at present with the pressure the NHS pnsions service is under.
How can I reduce my income threshold below 100k via the NHS pension additional contributions? If I need to reduce about 20k of taxable income- do I contribute monthly or lump sum? If I contribute monthly- would it not spill over into the next years tax implications?