Quote:
Originally Posted by bitontheslide
all bonuses count toward taxable income, there is no such thing as cash in hand as a company employee. When I had a company car and a fuel card, i got absolutely hammered in tax
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Some companies will calculate the extra tax and pay that on top of the bonus (so that the take-home bonus is still the amount quoted) but yeah for the mostpart, the bonus gets taxed (and National Insurance taken off). I don't
think it has to go to mandatory pension contribution... but not 100% on that either.
Best thing to do with bonuses is to ask for the whole lot to be added to your pension tbh.
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