wonga78

Hi HMRC Firstly, what is the adjusted net income figure in this example? Total Annual Taxable Income as per March payslip = 101,500 Payment into a Private Pension scheme : £4,000 direct payment (£5,000 20% Basic Rate gross up) Is the deduction £4k or £5 to give total adjusted net income of £97,500 or £96,500 ? Secondly, how will i demonstrate this to the tax free childcare team as i believe they will initially look at the gross taxable income which is over £100k and will decline my application? Thanks Wonga78

Hi HMRC what is the adjusted net income figure in this example? Total Annual Taxable Income as per March payslip = 101,500 Payment into a Private Pension scheme : £4,000 direct payment (£5,000 20% Basic Rate gross up) Is the deduction £4k or £5 to give total adjusted net income of £97,500 or £96,500 ? Thanks Wonga78