Adjusted Net Income - Pensions...

[vixter87]

Hi All! I have an opportunity to get overtime either as leave or ££. I would rather have the £ but do not want to go over the 100k for tax free childcare. I am confused, despite reading many articles, about how to calculate adjusted net income so I am hoping someone can please help me!

1. i assume you include London weighting payments and any overtime as income.
2. I assume you then take off any pension contributions - mine come off on the LEFT column on my payslip i.e. before TAX is taken off. I give to the employer pension and there's also an Aviva pension you can pay into, so both come off in that column.
3. I assume I do not have to ADD IN any employer contributions paid directly into my pension?

There should be no scenario where your adjusted net income is MORE THAN your gross pay (see worry 3) so in a worst case scenario just keep gross pay below the 100??

AM I ASSUMING CORRECTLY or have I lost my mind. Honestly I consider myself an intelligent person but I am confused on this one!! Thank you.