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Posted 5 months ago by Donald Bacon
Dear Sir, I'm hoping that you can clarify the options with the SRFS and pension contributions. If I'm paid £11K pa from my employer of which £1K is sacrificed for my pension, would I use £10K as my income when calculating my SRFS allowance? Similarly, if I also receive an income from a rental property, circa £5K pa, I understand that this is counted as general income for the purpose of SRFS calculations. If I was to make a direct, Lump sum, contribution to my pension and claim back any 20% tax due, would this pension contribution lower my income for the purpose of SRFS calculations? Many thanks
Posted 5 months ago by HMRC Admin 17 Response

Hi ,
 
Details on adjusted net income at :

 Personal Allowances: adjusted net income    .

Thank you .
Posted 5 months ago by Donald Bacon
Hello, Many thanks for your response, however this is not clear as far as SRFS calculations. Does SRFS use the adjusted net income from this link? https://www.gov.uk/apply-tax-free-interest-on-savings does not indicate "Adjusted personal allowances" it states "Wages" Many thanks
Posted 5 months ago by HMRC Admin 34 Response
Hi,
Yes, it will be the adjusted net income that is used.
Thank you
Posted about 9 hours ago by Richard1969
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