This is a freeview 'At a glance' guide to Adjusted Net Income, what is it and why it is relevant.

What is Adjusted Net Income?

At a glance

Taxpayers are required to work out their 'Adjusted Net Income' in order to calculate whether they are higher rate taxpayers for the purposes of the Personal savings allowance, the High-Income Child Benefit charge, the income-related reduction to the Personal allowance for any taxpayer who has adjusted net income over £100,000 and for Higher personal allowances given to those who were born before 6 April 1948.

A person’s adjusted net income for a tax year is determined as follows:

Adjusted Net Income is calculated slightly differently from Relevant Earnings for pension purposes.

Small print:

From section 58 ITA 2007

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