Hi All
I'm under a salary sacrifice scheme at work I'm struggling to get my head round the adjusted income calculation to work out carry forward options. Doing my calculation:
Net income + salary sacrifice = threshold income. This takes me over the threshold. for17/18 tax year
When I go onto the Adjusted income, the calculator tells me to add in Employer pension contributions. Do I add the total contributions my employer makes for me (including salary sacrifice) or just the pension contribution they make (7k).
Calculation for Adjusted income for 17/18 tax year is looking like:
Net income 157k + salary sacrifice 24k = threshold of 181k so over the 150k
Employer contributes 7k to my personal pension + the 24k I sacrifice.
Is my adjusted 157k + 7k or 157k + 24k
thanks
Alley
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