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The Government encourages employees to join pension schemes by granting tax relief on their contributions. The net cost to an employee is therefore considerably less than the gross contribution.

To calculate the net cost for yourself or your employees, please complete the inputs below and press calculate:

Please note: Employee contribution rates are set by the employer. The rate entered here should be that agreed by your employer for employees who have joined or are thinking about joining the Flexible Retirement Plan.
Please note:Your employer may also contribute towards your retirement benefits. These contribution rates will be as advised by your employer to employees.
Please note: Someone who is only just into either the 20% or 40% tax band will only get tax relief at 20% or 40% on part of their contributions. Income tax rates may change in the future. Please contact your Payroll Department for up-to-date rates.