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Ebonyfoster
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Last updated: March 30, 2025
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First submittedMarch 27, 2025
Times taken1
Average score44.4%
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Answer
Adjusted total income
Total income + Payroll giving - Gross personal pension contributions
Adjusted net income
Net income - gross gift aid donations - personal pension contributions
What is personal allowance qualifying figure determined from?
Adjusted net income
What do you do to get a grossed up value
100/80
What might you need to gross up?
gifts of assets to charity and personal pension contributions
net taxable earnings
total taxable earnings - total allowable deductions
Disposable income
Income received - income tax and national insurance contributions
Marginal rate of tax
tax rate that will apply to the next £1 of additional income received
Effective rate of tax
total income tax - National insurance contributions / total income
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