I wonder if someone would be so kind as to help in just a few words.
I was fortunate to be able to take early retirement last september. so i have a pension income of £22k
I now find myself working for another organisation on a salary of £31k. I dont pay NI on the pension income, and it is this income that benefits from the 11k tax code - so i pay tax on the other 11k.
My question is this. Am i over the 45k tax threshold for upper earners? if so, what is the least i need to invest in my new employmers pension scheme in order to reduce tax payments.
Any help greatly appreciated
David
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