K
Kandy
Guest
Hi,
I’am currently in PAYE employment on a salary of €55K.
I have been offered a job by the owner of a successful private company and the salary on offer consists of : (a). Taxable element of €40K + (b). Cash of payment €12K per annum. The pension contribution by the employer will be 10% of my gross taxable income (€40K) into a defined contribution scheme.
This scenario is strange to me and I have concerns as to the impact such an arrangement would have on my final pension (will reach 65 in 10 years time) , as my taxable income is different to my total income ? Can you help outline some of the Pros & Cons of such an offer / method of payment and the possible consequences for me down the road ?
Many thanks,
Kandy
I’am currently in PAYE employment on a salary of €55K.
I have been offered a job by the owner of a successful private company and the salary on offer consists of : (a). Taxable element of €40K + (b). Cash of payment €12K per annum. The pension contribution by the employer will be 10% of my gross taxable income (€40K) into a defined contribution scheme.
This scenario is strange to me and I have concerns as to the impact such an arrangement would have on my final pension (will reach 65 in 10 years time) , as my taxable income is different to my total income ? Can you help outline some of the Pros & Cons of such an offer / method of payment and the possible consequences for me down the road ?
Many thanks,
Kandy