Adjusted net income

I've been through all the guidance and various posts on here but am still struggling to understand how I calculate my adjusted net income. Please can you assist: My annual income is £120,000 Through my employment (i.e. pre-tax), I contribute £10,000 to my employer's pension scheme and my employer contributes £5,000 I make a separate one off payment of £4,000 to my pension which gets grossed up to £5,000 I make a gift aid payment to charity of £1,000, which gets grossed up to £1,250 So would my net adjusted income be 120k-15k-5k-1.25k so £98.75k? Many thanks.

Hi thn123,

You would not deduct your employers contribution to the pension.

Thank you.