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Practice No.


Institute of Certified Bookkeepers Crest

What is adjusted net income?

Adjusted net income is your taxable income less certain tax relief’s, such as

 Trading losses

 Payments to charities made through Gift Aid

 Pension payments paid gross without tax relief

 Pension payments where you get basic rate tax relief but are due relief at higher rate.


Tom has the following income:

His Total taxable income is therefore  = £55,745

Tom also pays:

Tom’s Adjusted net income is calculated from £55,745 less £2,475 pension payments and

£625 gift aid payments leaving a total of £52,645 which will be used to calculate the High Income Child Benefit Charge.

...back to Child Benefit, Charge Calculations

...back to Child Benefit, High Income Charge

Child Benefit -

Adjusted Net Income