Hi All
This may be 6 of one half dozen of the other kinda question but I’ll ask anyway.
I’ve received a job offer with a “guaranteed” 10k bonus as part of the package and as this is the first pay package I’ve been offered which wasn’t solely base salary I was looking into how they are taxed etc.
One of the methods recommended to reduce the tax burden was to use some or all as an AVC for my pension. I already have planned to max out my contributions or as close as possible anyway but I was just wondering if there were any reason why you wouldn’t just use a bonus as a lump sum in an AVC as opposed to having a monthly sum removed from your salary other than the potential not to have the bonus paid I guess.
This may be 6 of one half dozen of the other kinda question but I’ll ask anyway.
I’ve received a job offer with a “guaranteed” 10k bonus as part of the package and as this is the first pay package I’ve been offered which wasn’t solely base salary I was looking into how they are taxed etc.
One of the methods recommended to reduce the tax burden was to use some or all as an AVC for my pension. I already have planned to max out my contributions or as close as possible anyway but I was just wondering if there were any reason why you wouldn’t just use a bonus as a lump sum in an AVC as opposed to having a monthly sum removed from your salary other than the potential not to have the bonus paid I guess.