Does a work share save scheme lower the income tax rate?

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    Does a work share save scheme lower the income tax rate?

    If someone is earning £800 a month and puts £200 into a workplace share save scheme would it lower their tax liability like a pension contribution does?

    £800 x 12 = £9,600, under the £12,500 so tax free. But also now has £5,000 rent income after expenses. So £9,600 + £5,000 = £14,600, £2,100 would be subject to 20% tax. Or would it be £14,600 - share save scheme (£200 x 12) = £12,200 income.

    Alternatively, £9,600 + £5,000 - £2,100 (into company pension) = £12,500.

    Are there other ways to lower income to pay less tax?

    #2
    The workplace save scheme is deducted from earnings after tax. The shares you buy if held for 5 years or longer is free from cgt.

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