Luke Kemp
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RE: Adjusted Net Income (for Tax Free Childcare) Again sorry.
Thanks, I'm a bit confused, since some posts say that pension contributions via salary sacrifice can be deducted and others say it they can't. But, if I've paid £9k in pension contributions through salary sacrifice, these can be deducted for the adjusted net income calculation? -
Adjusted Net Income (for Tax Free Childcare) Again sorry.
Hi, I'm going to earn slightly over the £100k threshold this year. As much as I read through forums, I'm still confused. I understand you can take off Gift aid(1) grossed up x .25(?) to adjust your net pay. With regards to Pension - my contributions of c.£9k through salary sacrifice. Does this equate to item 2? And then can AVC's be grossed up(3)? 1. donations made to charities through Gift Aid - take off the ‘grossed-up’ amount 2. pension contributions paid gross (before tax relief) 3. pension contributions where your pension provider has already given you tax relief at the basic rate - take off the ‘grossed-up’ amount Thanks - From a confused tax payer.