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Dear Tutor,
Adjusted income is net income + employee contribution to personal pension scheme + employer contribution to personal as well as occupational scheme.
However, the net income figure which we use above is excluding the AA charge isn’t it?
It is simply the net income from the income tax computation before computing any AA charge, but you need to look again at your definition of adjusted income!!
It is simply the net income from the income tax computation before computing any AA charge, but you need to look again at your definition of adjusted income!!
You mean it should have been employee contribution to the occupational scheme isn’t it? Sorry it was my mistake.
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