Maximum amount before falling out of PSE

[Stef]

Hi , I currently save £100 per week with the 1st class credit union. This is deducted from my wage slip every week. Can someone tell me if this deduction makes me fall out of PSE?

[RobertT]

The first question you need to ask, is whether credit union payments can actually benefit from PSE at all.
To be honest I don't know the answer. Perhaps you or someone else can confirm?

If they do and you're paying too much, your contributions to 1st Class, your pension and any other tax efficient payments you make will all be on the right hand side of your pay slip and you won't be benefiting from PSE on any of those deductions.
If they're all on the left, you will be.
It's an all or nothing thing!

There's people on this forum who have more personal experience of PSE limits than me. But to stay within them, you need to make sure your pay doesn't drop below the national minimum wage as a result of your contributions.

If your pension payments are on the left hand side of your pay slip and 1st Class on the right, your credit union savings don't come under PSE.

[Stef]

Thanks for your reply Robert. I can confirm my pension deduction is always on the left hand side of my wage slip and the 1st class credit union deduction has always been on the right hand side of my wage slip. So I would imagine I don't benefit from PSE on my 1st class credit union deduction. I will admit I lack a bit of knowledge on this subject and have been wanting to know the answer to this question for a while. Many thanks for your help