Henry Opt | UK Tax & Pension Simulation

Important: This tool is for informational purposes only and does not constitute financial advice. Consult a qualified professional before making decisions.

Tax Year End Approaching: Only 27 days until 6th April 2026. Review your pension contributions and salary sacrifice elections now.

Current Position

Income Details

Enter your annual income from all sources

Annual Salary

£50,000£85,000£500,000

Variable Income

Other Income

Interest Income

Dividend Income

Rental Income

Pension Details

Your current pension position and contributions

Current Pension Pot

Pension Allowance Limit

£10k (tapered min)£60,000£240k (max with carry forward)

Employer Match (%)

Contribution Strategy

Model different salary sacrifice and contribution amounts

Salary Sacrifice Amount

£0£0£60,000

Expected Bonus

Family & Childcare

Child Benefit and childcare tax impacts

Number of Children

Childcare Vouchers (Annual)

Max £2,916/year for basic rate taxpayers (legacy scheme)

Tax-Free Childcare

30 Hours Free Childcare

Student Loan

Student loan repayments are deducted from salary

Student Loan Plan

Postgraduate Loan

Salary Sacrifice Benefits

EV scheme, Cycle to Work, and other benefits

Electric Vehicle Scheme

Monthly Lease Payment

Vehicle List Price (P11D)

Cycle to Work

Monthly Payment

Other Benefits in Kind

Annual BIK Value

Projection Assumptions

Used for pension growth projections

Expected Growth Rate

5.0%

Inflation Rate

2.0%

Years to Retirement

20 yrs

Current Position

Input Parameters

Income Details

Enter your annual income from all sources

Annual Salary

£50,000£85,000£500,000

Variable Income

Other Income

Interest Income

Dividend Income

Rental Income

Pension Details

Your current pension position and contributions

Current Pension Pot

Pension Allowance Limit

£10k (tapered min)£60,000£240k (max with carry forward)

Employer Match (%)

Contribution Strategy

Model different salary sacrifice and contribution amounts

Salary Sacrifice Amount

£0£0£60,000

Expected Bonus

Family & Childcare

Child Benefit and childcare tax impacts

Number of Children

Childcare Vouchers (Annual)

Max £2,916/year for basic rate taxpayers (legacy scheme)

Tax-Free Childcare

30 Hours Free Childcare

Student Loan

Student loan repayments are deducted from salary

Student Loan Plan

Postgraduate Loan

Salary Sacrifice Benefits

EV scheme, Cycle to Work, and other benefits

Electric Vehicle Scheme

Monthly Lease Payment

Vehicle List Price (P11D)

Cycle to Work

Monthly Payment

Other Benefits in Kind

Annual BIK Value

Projection Assumptions

Used for pension growth projections

Expected Growth Rate

5.0%

Inflation Rate

2.0%

Years to Retirement

20 yrs

Results & Analysis

Net Take-Home

£74,857

After tax, NI & pension

Effective Tax Rate

34.9%

Total tax / Gross income

Marginal Rate

60.0%

Tax on next £1 earned

Tax Saved

£0

From pension contributions

Warning

You're in the 60% marginal tax trap. Income between £100k-£125,140 is taxed at an effective 60% due to personal allowance taper.

Opportunity

Consider additional salary sacrifice of £15,000 to bring adjusted income to £100k and restore full personal allowance.

Tax Band Breakdown

Income tax by band

Personal Allowance (0.0%)£0

£5,070 in this band

Basic Rate (20.0%)£7,540

£37,700 in this band

Higher Rate (40.0%)£28,892

£72,230 in this band

Pension Summary

Annual allowance and projected growth

Available Allowance

£60,000

Total Contributions

£4,250

Inc. £4,250 employer

Remaining allowance: £55,750

Allowance Used7.1%

Projected Pension at Retirement (20 years)

Nominal Value

£803,855

Real Value (today's money)

£540,971

Income Summary

Gross Income

£115,000

Adjusted Net Income

£115,000

Income Tax

-£36,432

National Insurance

-£3,711

Projections & Analysis

Visualize your tax position, pension growth, and family benefits

Projected pension value over time (nominal vs inflation-adjusted)

Compare Scenarios

Add a second scenario to compare different contribution strategies side-by-side.

Export & Share

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