He has total income $29740 (13140 pension and 16600 interest)
Adjusted PA comes out as $8840 (29740-26100)= 3640/2=$1820
Respectively 10660-1820=$8840
I understood that PA need to be adjusted but not lower than ordinary $9440. This task confuses me now. Please explain
Thanks
Liene
Ask the Tutor ACCA TX-UK
BPP revision book Task 3a. Born 1935
I do not have the BPP material but from what you have said you have correctly stated that the PA cannot indeed be reduced below the standard PA of 9440 unless adjusted net income exceeds 100,000 and hence the PA should be 9440 - check if BPP have issued an errata sheet?
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