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Adjusting your taxable income to save tax
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perplexedconsumer
Posts: 1 Newbie
in Cutting tax
I am confused - according to my draft tax return I have taxable income just above £100k but the tax calculation is still giving me the full personal allowance .
Why is that - what deductions are made in calculating whether you have gone above the £100k threshold where you start losing the personal allowance? Do gift aid donations count . Does anyone know about this ? If it's correct its a good way of saving some tax by making a small donation to bring the adjusted total income below £100k
Why is that - what deductions are made in calculating whether you have gone above the £100k threshold where you start losing the personal allowance? Do gift aid donations count . Does anyone know about this ? If it's correct its a good way of saving some tax by making a small donation to bring the adjusted total income below £100k
0
Comments
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Gift Aid and relief at source pension contributions are the common two which reduce your adjusted net income.0
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