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22 January 2013

How does sacrificing 7.5% of my salary put more money in my pocket?

My employer is introducing a 7.5% Salary Exchange Scheme. How does sacrificing 7.5% of my salary put more money in my pocket each month? I can't make it add up. Maybe Im doing the maths wrong. Could you please explain and do some illustrations at salaries of £45000, £50000 and £55000. Many thanks.

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