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Posted Fri, 08 Dec 2023 14:17:45 GMT by
I am trying to calculate my 'Adjusted Net Income' for the purposes of determining 'Tax-free Childcare' and '30hrs free childcare' eligibility. I receive several company benefits, including: * Vehicle Insurance * Private Medical These are taxed via Payroll, I do not receive a P11D. Do I need to consider these in the 'Adjusted Net Income' calculations, or can I simply use the 'Total Per Year' as reported on my P60 (which doesn't appear to include these)? Secondly, I have savings on which I earn interest: * Premium Bonds - 'Interest' is in the form of 'prizes' which are tax free * ISA - Interest is tax free due to the nature of the ISA Product * Normal Savings - Interest is subject to Tax at my highest tax rate. Which of the above must I consider in the 'Adjusted Net Income' calculation?
Posted Thu, 14 Dec 2023 11:24:23 GMT by HMRC Admin 25
Hi tom635432x,
If your benefits are payrolled then these are included in your gross pay and your P60 for tax and National Inurance, so no need to include again.
You would not include the tax free savings income. 
Thank you. 


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