Adjusted Net Income

[Starfield]

Hi I need to calculate the adjusted net income. I have got an employment and a rental property.

How do I calculate the adjusted net income
Do I use
1.Income in this employment ( from p60) + rental income - work pension
2. Gross employment income + rental income- work pension

Please help

[someone]

Despite the name, adjusted net income is gross income

You include your before tax employment income (which should be on your p60), your before tax taxable rental income and deduct your gross pension contributions

[someone]

Oh, I've just seen your other post. You don't deduct the pension contributions twice. If they've already been deducted from your gross income (and so your P60 income is lower than your payslip income) then you use the P60 figure without deducting them again or the payslip figure and then deduct them.