Employee contributions to Cushon Master Trust are taken before tax is assessed in the payroll, but after National Insurance calculations (often referred to as the ‘net pay’ basis).
Employee contributions should therefore be collected based on the gross percentage amount due and should not be netted down by the standard rate of tax (often referred to as the ‘relief at source’ basis). If contributions to Cushon Master Trust are being made via Salary Sacrifice (also known as Salary Exchange), contributions are taken before tax and National Insurance calculations.