Pension annual allowance net income calculation

clement0123

I am hoping someone can help guide me please as to what figures should be included in my pension annual allowance calculation of net income. 
I have my gross base salary and cash bonus. In addition I have salary sacrifice benefits that are reported on my P11D for an Electric Vehicle, and Critical Illness and Medical Insurance. Do I simply add the figures from my P11D to my base salary and bonus?

I also have a work share plan due to vest later this year after 5 years. I put in £5k from my taxed pay at the start, and think this will be worth £15k when it vests. I will pay tax and NIC on the gain (so on the £10k) and receive the post tax gain, plus my original investment back. So do I include the £10k gain in my net income calculation given the £5k original investment isn't income?  

And finally, I have a DB pension. Do I just take the PIA on my DB statement rather than the amount I have contributed to it over the year? 

Thanks in advance for your help!

zagfles

What is it you're trying to achieve, because "pension annual allowance net income calculation" doesn't make sense. 

NoMore

zagfles said:

What is it you're trying to achieve, because "pension annual allowance net income calculation" doesn't make sense. 

The only thing I can think of that involves all those words is how to calculate net and adjusted income for tapered annual allowance

Marcon

clement0123 said:

I am hoping someone can help guide me please as to what figures should be included in my pension annual allowance calculation of net income. 
I have my gross base salary and cash bonus. In addition I have salary sacrifice benefits that are reported on my P11D for an Electric Vehicle, and Critical Illness and Medical Insurance. Do I simply add the figures from my P11D to my base salary and bonus?

I also have a work share plan due to vest later this year after 5 years. I put in £5k from my taxed pay at the start, and think this will be worth £15k when it vests. I will pay tax and NIC on the gain (so on the £10k) and receive the post tax gain, plus my original investment back. So do I include the £10k gain in my net income calculation given the £5k original investment isn't income?  

And finally, I have a DB pension. Do I just take the PIA on my DB statement rather than the amount I have contributed to it over the year? 

Thanks in advance for your help!

Is this for tapering purposes?

clement0123

Yes that's correct - trying to work out what to include in the tapering calculation. Thanks