Just to add to this so the tax "advantage is clear"
In simple terms, so ignoring any NI for illustrative purposes
If you sacrifice £10k as Adam has shown above then £10k is paid into your pension
If you had taken it as salary then you would have received £6,000 and HMRC would have received £4,000
@Renmure-Jim said in Remaining ISA allowance bug in the system?:
I’ve taken advantage of the flexible ISA a couple of times for significant purchases within a tax year and found the withdrawing and repaying to be pretty simple and intuitive.
I'll second this. Most ISA providers don't offer flexible ISA's (my previous ISA provider didn't even know what one was.) This was a major factor in me moving my ISA to IM a few years ago.
Thanks Nik. Seen your email and will wait for the other info. Jersey / off shore is a 2026 thing anyway so plenty of time to plan.
The value of your investments can go down as well as up, and you may get back less than you invested.
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