Andr2ip

Hi, I'm working on my first self-assessment. There's a question: "Was your Adjusted Net Income over £50,000? (Your income before any personal allowance)." To calculate this, I need to: Step 1 - work out your 'net income' Add up your taxable income, include things such as: - income from employment including any company benefits etc. I'm having trouble understanding the concept of "income from employment." Based on my P-60 form, my pay was 63423,06 and tax deducted was 13750.95. After deductions for National Insurance and pension, my bank account received an income of approximately £45,000 from my employer. How do I answer the question "Was your Adjusted Net Income over £50,000?" if this was my only source of income?