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what is my net adjusted income?

2 replies

sunnysideup05 · 18/03/2025 22:54

So confused! Asking for child benefit purposes. Is this something I can figure out simply by looking at my P60?

Is my net adjusted income for eg. the tax year 2023-2024 my pay - the starred box in the 'pay column'? Or is it my pay + the tax deducted figure?

OP posts:
Schoolchoicesucks · 19/03/2025 00:05

It's the pay from box in your P60 and then you can deduct any employee pension contributions (apart from if they are salary sacrifice ones that have already been deducted from your p60 pay amount).

There is a calculator on the HMRC website to walk through this.

Bjorkdidit · 19/03/2025 06:11

Yes, use the HMRC calculator as it asks about anything relevant wg pension contributions, taxable benefits like a company car.

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