CCough37
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RE: Calculating Net Adjusted Income for Child Benefit High Income Tax Charge
Hello I am currently earning £125k a year. I am putting 13% away into a pension via my employer - a company pension plan by aviva (10% my contributions plus 3% my employers contributions.) It is a salary sacrifice arrangement ie not the net relief at source arrangement. I am then putting £750 away per month into a private pension. My understanding is this is bringing my net adjusted incoming under £100k. However in speaking to the government childcare scheme, they mentioned that workplace pensions can’t be used to bring a salary down and only private pensions - I now can’t find anything about this online. I have called numerous times and cannot get through to the right people at a time the lines aren’t too busy and they don’t answer. Can you help clarify here please? Thank you!