Skip to main content

beta This is a new service – your feedback will help us to improve it.

Tax Free Childcare - Adjusted Net Income query

Peter Moss
Posted Thu, 26 Jan 2023 09:22:05 GMT by Peter Moss
Hi Am I correct in my calculations for adjusted net income (to stay within eligibility for tax free childcare)? Income from employment for 22/23 - £104,769 BIK - £3100 SIPP contributions (before / after relief at source): £6655 / £8318.75 Is my adjusted net income therefor £104,769 + £3100 - £8318 = £99,550.25 OR Do I also take off my personal allowance from the income figure, reducing it further? Many thanks Peter
HMRC Admin 5
Posted Mon, 30 Jan 2023 14:56:52 GMT by HMRC Admin 5
Hi,

You would not deduct the Personal Allowance from this.

Thank you.

You must be signed in to post in this forum.