xql42 2u74u
-
RE: Calculation of adjusted net income - conflicting guidance
Referring to "If the pension contributions were from your net wage and you are higher rate then you would include the grossed up contribution on your tax retrun to receive the higher rate relief due. The relief is shown on the calculation by extending the basic rate tax band. " I understand that we get the tax-relief on the higher rate, but will our net adjusted earnings decrease as a result to account for the extra 20% (on top of basic) that was already applied when you enter a SIPP contribution?
Thank you.