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Accept cash bonus or put it into pension tax free
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Title says it all really, I get a (pro rated) bonus of around £3500 in my March salary which will of course get taxed at the appropriate rate or I can opt to put it into my pension tax free. I do plan on buying a house some day so putting the extra away for a deposit was my original plan, but the idea of paying no tax on it seems like a more efficient use of the bonus.
What would you do?
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- 1 year ago
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