Judicial Pension Scheme (2022) / Adjusted Net Income

GaryM92 · February 19

Hello,

Hoping someone can help.

We have multiple clients in the JPS 2022 scheme and looking at pension contributions before the end of this tax year. We are aware of the scheme being unregistered and therefore contributions not counting towards the annual allowance.

However, we are unsure how the contributions made to the JPS 2022 scheme affect their adjusted net income calculation? Can anyone clarify?

Any help/links appreciated!

Many thanks,
Gary

les_cameron · February 19

Scheme guide - https://assets.publishing.service.gov.uk/media/6242fc93e90e075f0a61dc67/jps-scheme-guide-2022.pdf

No tax relief so can't possibly see how they would have an impact on ANI.

GaryM92 · February 19

Hi Les,

Thanks for your reply.

If they aren't recorded as pension contributions, are they then recorded as income?

Thanks
Gary

les_cameron · February 19

Pass - the only logical conclusion is that they are just expenses from your net income.

Judicial Pension Scheme (2022) / Adjusted Net Income

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