Gross employment income (regrossed salary )

[Jordan Belfort]

My wife is not in an occupational pension scheme. She makes payments to a PRSA out of her net pay and then claims tax relief on that in the form11.

The gross salary used for this calculation seems like it should be re-grossed to take into account what the gross salary would be if there was a net pay arrangement for pension.

We try to maximize her contributions at 25% so should the re-grossed salary = ( gross / (1-0.25) )

From Form11
Gross employment income (regrossed salary figure to account for pension/AVC deduction under net pay arrangement)

 

[Ciru75]

My wife is not in an occupational pension scheme. She makes payments to a PRSA out of her net pay and then claims tax relief on that in the form11.

The gross salary used for this calculation seems like it should be re-grossed to take into account what the gross salary would be if there was a net pay arrangement for pension.

We try to maximize her contributions at 25% so should the re-grossed salary = ( gross / (1-0.25) )

From Form11
Gross employment income (regrossed salary figure to account for pension/AVC deduction under net pay arrangement)

But there is no net pay arrangement so there's no regrossing to be done. The 'pay for USC' figure on the P60 should be the figure you use.