Example #10, Chapter 2 – Personal AllowanceForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Example #10, Chapter 2 – Personal AllowanceThis topic has 3 replies, 3 voices, and was last updated 5 years ago by Tax Tutor.Viewing 4 posts - 1 through 4 (of 4 total)AuthorPosts May 10, 2020 at 5:08 am #570450 AlmannaiMemberTopics: 3Replies: 1☆Dear Sir,First of all, thank for support for ACCA students all around the world, i just want to highlight that in your answer in the notes for example #10, in calculation of personal allowance, the Adjusted Net Income should be 102,000 not 106,000.Is it correct ??Thanks, May 10, 2020 at 2:23 pm #570475 Julian.M.R.CMemberTopics: 0Replies: 1☆Hi everyone,I hope you are well.I understood that the Net Income is £106,000 (Non-Savings Income £102,000+ Savings Income £4,000) May 10, 2020 at 2:28 pm #570477 Tax TutorMemberTopics: 2Replies: 3965☆☆☆☆☆The answer as in the notes is correct – what makes you think that the ANI should be only 102,000 when that is only the trading income figure? May 10, 2020 at 2:31 pm #570481 Tax TutorMemberTopics: 2Replies: 3965☆☆☆☆☆Quite right Julian the ANI contains both the trading income and the savings income.AuthorPostsViewing 4 posts - 1 through 4 (of 4 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In