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Yes you are correct. However personally I would put more than needed into the pension to give a bit of a buffer, just in case of any small overtime payments received etc. What would be horrible is if you are literally £1 over the 25% limit and you will get stung.
If I were you I would put as much as you can afford into your pension for now (say giving you a 10% pay rise) then over the next 12 - 18 months gradually decrease them. Remember that you are assessed by the main HMRC figure at the start of each case year, so you must stay within 25% of this.
What you will be wanting to do is to keep this years P60 figure from 2020 within 25% of the 2019 figure.
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