Adjusted Net Income Calculation for HICBC

Quick calculation please. I want to bring my net adjusted income down to £50,000 to avoid the higher income child benefit charge (HICBC). How much do I need to contribute to a Self-Invested Personal Pension (SIPP), after tax from my current account, assuming my salary is £60,000? £8000: because £8000 plus basic rate tax relief claimed by my SIPP provider at 25% = £10,000 OR £6000: because £6000 plus basic rate tax relief claimed by my SIPP provider at 25% PLUS higher rate tax relief claimed via HMRC = £10,000 I realise this is oversimplified (the higher rate threshold isn’t exactly £50,000, ignores workplace pension etc etc) but the example serves to answer my question. Many thanks all!

Hi,

If the pension contributions are from your net income and you are a higher rate tax payer then it would be the net contributions plus the basic rate relief claimed by the pension provider that would be deducted for the adjusted net income. 

Thank you.