Employer gross pension contributions via salary sacrifice count towards your
overall annual allowance, which has risen to £60,000 as announced in the 2023/2024 spring Budget.
Depending on your expected annual income this allowance may be reduced or
increased, so it is important that you check with your pension advisor or
financial planner before you decide on the level of contribution via Nasa. You
may also be able to take advantage of 'carry forward' allowances from previous
tax years, so be sure to ask your advisor about this too.
Please note Nasa are unable to monitor your allowance on your behalf.
One thing to keep in mind is that by law, Nasa must pay you at least a
minimum wage salary plus holiday pay per pay period (shown on your payslips
as "Basic Rate" and "Holiday Pay"). This means that you cannot sacrifice 100%
of the Contract / Assignment Income for private pension.
You will need to ensure you are comfortable with the amount you agree to begin with, as there are certain rules about changing values paid on for salary sacrifice mid-employment. You can read more here.