I have been doing some research into the second question I had about pension savings, as discussed in my last post. I have found that it is better to contribute the maximum voluntary contributions to our employers'pension plans as the full contributions are tax exempt. WOOHOO!


I also need to make a correction, in the last post I mentioned we are taxed 38%, but if I take a look at BH's pay slip it looks more like 34%. I'll find out more from his next pay slip.

Even with just a 30% tax rate, that means we will be saving 420 EUR from his back paid contributions of 1400 EUR this month. Who does not like free money from the government, especially if it means you can save it?