Work Out Whether You Can Afford to Reduce Your Hours at Work

People calculate the take-home pay cut but miss the pension reduction, the impact on maternity or sick pay entitlements, and the benefit thresholds that might shift. Going part-time can make financial sense or it can be significantly harder than the headline salary change suggests. This runs the full calculation including the things most people overlook.

I am thinking about going part-time or reducing my hours at work. I currently earn {CURRENT_SALARY} and I am considering dropping to [new arrangement]. Walk me through the full financial picture: the change in take-home pay after tax, the impact on my pension contributions, any changes to benefits or entitlements I should be aware of, and what I would need to cut or supplement to make it work. Tell me if there is a threshold below which the financial impact becomes significantly harder to manage.