• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

June 2025 ACCA Exams

How was your exam? Comments & Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for June 2025 exams.
Get your discount code >>

Adjusted net income

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Adjusted net income

  • This topic has 3 replies, 2 voices, and was last updated 5 years ago by Tax Tutor.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • November 6, 2019 at 8:58 am #551666
    scottyt
    Member
    • Topics: 7
    • Replies: 11
    • ☆

    In various different books and examples I seem to see occasions when Gift aid or pension contributions are deducted from total income to give adjust income and some when these contributions are not deducted, am I missing somethign are there occassions when gift aid and pension contributions are not deducted to give an adjusted income figure?

    November 6, 2019 at 11:01 am #551678
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Your question is entitled adjusted NET income but in your question you use the term “adjusted income”. Tell me precisely what different terms you actually wish to define

    November 6, 2019 at 1:45 pm #551693
    scottyt
    Member
    • Topics: 7
    • Replies: 11
    • ☆

    It is the Adjusted NET income please,
    If I am correct, this is the total After deductions (qualifying interest) but before Personal allowance?
    Also it will take into effect though any gift aid or Personal pension contributions?
    But this is the part i am struggling with, on a few different examples / questions I seem to see Adjusted net income sometimes include the gift aid / pensions but sometimes these contributions do not affect the total?

    November 7, 2019 at 12:59 pm #551769
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    AS per OT Notes the purpose of the ANI calculation is to determine whether any deduction must be applied to the PA and is computed as:

    “ANI is net income less gross personal pension contributions and less gross gift aid payments”

    You will never see these deductions on the face of the income tax computation – hence take the Net Income from the computation and then adjust by making these deductions. Then compare ANI with the £100,000 income limit to determine whether any deduction is required from the PA.
    The only issue you must note – as you have in fact stated above – is that this is only an issue for personal pension contributions NOT occupational!

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • SONIC916 on Lessee accounting – ACCA (SBR) lectures
  • AkinMike on IASB Conceptual Framework – Introduction – ACCA Financial Reporting (FR)
  • AkinMike on IASB Conceptual Framework – Introduction – ACCA Financial Reporting (FR)
  • AliMusa12 on Accruals and Prepayments (part a) – ACCA Financial Accounting (FA) lectures
  • joevar1021 on FM Chapter 8 Questions – Relevant cash flows for DCF

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in