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longtomsilver

Net Adjusted Income Question?

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[url="http://www.ifs.org.uk/budgets/gb2012/12chap11.pdf"]Gross.[/url]

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[quote name='longtomsilver' timestamp='1333892845' post='909009059']
This is not to be taken as financial planning advise just trying to settle a family debate.

My sister is a civil servant and tells me that my wife is well below the threshold for 'keeping' child benefit as she is adamant that the £50k income is based on income net of income tax.

I believe otherwise and that it is the gross of salary + incomes such as dividends less pension contributions and trading losses.

Wife earns £55k basic plus car/fuel allowance with a BIK of £8k combined plus a bonus upto 25% of her salary (can be higher, i.e. last year was paid at 140%)

Whose right.

Thank you.
[/quote]

I would go for Thomas "the Hitman" Hearns.

Devastating power.

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[quote name='Gigantic Purple Slug' timestamp='1333894148' post='909009071']
I would go for Thomas "the Hitman" Hearns.

Devastating power.
[/quote]

Haha.

Cheers Blobloblob et al for the speedy response. Edited by longtomsilver

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