Adjusted income is your total taxable income from all sources, including:
- All UK taxable earnings from employment e.g. including salary, bonus, benefits in kind, P11D benefits and the taxable element of a redundancy payment.
- All UK taxable income from other sources e.g. rental income and investment income.
- All notional income from pension benefits i.e. all employee and employer contributions to a defined contribution plan.
- The annual value of benefits built up in a defined benefit pension.