Post
by Rahul05 » Fri Oct 10, 2014 8:50 pm
Hi Friends,
While working on my UK Tier-1 extension, I have come across following query, could you please help.
My salary components, as per my salary slip is as follows:
Reference Salary- £ A ( Basic component)
Bonus- £ B ( Performance Bonus)
Flexible Uplift- £ C ( Flexible component of contractual salary which varies based on what benefits you opt for)
- Flexible Benefits- £ D ( This is equal to flexible components you have opted for, in my case, private medical + Employee pension contribution + Employer pension contribution)
Payable net= (A+B+C-D)-( NI+ Taxes)
My question is: As per Tier-1 rules is my earning= (A+B+C) - Employer pension contribution? Or it is something else.
Basically, above questions boils down to whether Private Medical deducted from my salary and Auto enrolment pension contribution deducted from my salary( Only my contribution i.e. 4% of basic) is part of my Tier-1 earning.
Please help with your expert advise.
Regards,
Rahul