Stripe Will Pay Workers $20k to Leave New York and San Francisco

Re:Stripe Will Pay Workers $20k to Leave New York and San Fr... by pjc50 on Friday October 02, 2020 @05:10AM (#24660631)

UK: it's basically compulsory to pay "national insurance" contributions if you're earning enough. That gives you a (fairly small) state pension: https://www.gov.uk/new-state-pension

On top of that it's strongly encouraged to make private pension contributions, from pre-tax income; I think this corresponds to the US "401k"?

[ Parent | on HN ]

Re:Stripe Will Pay Workers $20k to Leave New York and San Fr... by C1sc0cat on Friday October 02, 2020 @06:57AM (#24661282)

UK private pensions are similar but much more generous in tax relief (for now) and in the amount you can put into them -even more so if you do salary sacrifice.

There is also a lot more tax advantaged savings for the better off i.e. 20k pa ISA basically put 20k a year beyond the reach of income and CGT is just the start.

VCT's EIS and SIS for some one on a SV engineers wage for example.

Tax on share options is far more sane as well.

[ Parent | on HN ]