ma9mwah
Joined: 3/7/2024
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RE: Calculating Net Adjusted Income for Child Benefit High Income Tax Charge
Hi, I'm a little confused about the pension contributions. Are they included or excluded? I'm paid £55,000 via PAYE but have a pension contribution of 12.5% of gross earning deducted. For child benefit does that mean I earn £55,000 or £48,125 (55000 - 6875)?