Income requirement for self-employed

[sohrabkhan]

I've read almost all the threads in this forum containing the words 'self employed' but am still not clear about the requirement. If you try and google the word net income well it means "Gross profit minus operating expenses and taxes" (hope its incorrect).

Now I require £35k for 20 points and I've made gross income well above that, and if I deduct expenses from it I'm still ok but do I have to deduct the huge tax that I'm about to pay from gross as well as I believe the policy guidance say that for self-employed net income is to be considered.

I'd appreciate if anyone could shed some light on this.

[mulderpf]

You should use your net income before deducting tax (pretty much or close to the figure on which you would be taxed).