PAYE employment

"Eric Shune" wrote

Better in what way?

I think he'll have to pop off to ask teacher

tim

I rather think more precise figures are necessary.

For example. when you say "equating to approx the same figure" do you mean the same cost to the employer? If so that in turn depends on what the employer has to pay into the pension scheme under its rules or what the employer is required to assume for such purposes is the cost of the pension scheme. (The 2 are not necessarily the same.)

There are then many other possible factors such as whether the employer's scheme offers a good deal for ill-health retirement and if so how relevant that is to A. Ditto benefits for dependents. IIRC the real cost of an occupational scheme often includes a large element for health and dependents' benefits so, if those are not relevant and the employer is offering a good alternative, then the higher salary may well be better. But I do think the sums need to be worked through in detail.