Access to content on this page is restricted to UEA Students and Staff - please log in.

List of examples List of examples

UEA Nursery Salary Sacrifice - estimated examples of savings that may be made. For alternative salary estimates please use the Pay Modeller. If you wish to see the savings available if you chose to use Fideliti vouchers - our childcare partner also has a calculator on their site.

Example 1:

Annual Salary £32,458: Monthly Salary £2,704.83
Your tax code is 647L and you pay tax at 20%, you are not contributing to a pension scheme. 
Nursery Salary Sacrifice amount is £701.87 per month for 12 months.

  Monthly Salary Nursery Sacrifice Gross Tax Tax Paid NI C/I Net Pay Net Saving Net Cost Yearly Net Amount 
Before £2704.83   £2704.83 £432.80 £245.17 £2026.86      
After £2704.83 £701.81 £2002.96 £292.60 £167.96 £1542.40 £217.41 £484.46 £5813.52

At the end of the year assuming everything remained constant you would have saved £2,608.92 in tax and national insurance.

Example 2:

Annual Salary £36,532  :  Monthly Salary £3,044.33
Your tax code is 647L and you pay tax at 20%, your USS contributions are sacrificed through PensionsExtra.
Nursery Salary Sacrifice amount is £266.41 per month for 12 months.

  Monthly Salary Pension Extra USS Nursery Sacrifice Gross Pay Tax Paid NI C/O Net Pay Net Saving Net Cost Yearly Net Amount
Before £3044.33 £193.31   £2851.02 £462.20 £222.37 £2166.45      
After £3044.33 £193.31 £266.41 £2584.61 £408.80 £197.33 £1978.48 £78.44 £187.97 £2255.64

At the end of the year assuming everthing remained constant you would have saved £941.28 in tax and national insurance.

Example 3:

Annual Salary £52,086  :  Monthly Salary £4,340.50
Your tax code is 647L and you pay tax at 40%, your USS contributions are sacrificed through PensionsExtra.
Nursery Salary Sacrifice amount is £191.67 per month for 12 months.

  Monthly Salary Pension Extra USS Nursery Sacrifice Gross Pay Tax Paid NI C/O Net Pay Net Saving Net Cost Yearly Net Amount
Before £4340.50 £275.62   £4064.88 £786.26 £307.23 £2971.39      
After £4340.50 £275.62 £191.67 £3873.21 £709.86 £305.31 £2858.04 £78.32 £113.35 £1360.20

At the end of the year assuming everything remained constant you would have saved £939.84 in tax and national insurance.