How I Make OVER £50,000 A Year AND Keep My Child Benefit

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Information How I Make OVER £50,000 A Year AND Keep My Child Benefit

Title	:	How I Make OVER £50,000 A Year AND Keep My Child Benefit
Lasting	:	5.39
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How can you keep Child Benefit when earning more than £50,000 a year? Here's how
Comment from : @TheRetirementCafe

There should be a late payment charge imposed to hmrc for the late payment applicable to hmrc i want £100 per day for their late payment to my account immediately
Comment from : @paulhinkley11

Hello Justin I have a question in light of yesterdays new budget I earn £64,000 a year Do I still need to complete a self assessment tax return? I have been doing so each year since earning more than £50,000 however after yesterdays Budget announcement, can i stop doing the self assessment tax return? Advice will be much appreciated Thank you
Comment from : @syedali1217

Thanks for thisbrI'll be earning about £4K over the threshold this year, (after my usual pension contributions)brMy wife happens to earn about £5K a year total as she has a tiny part time job around the kidsbrIt's infuriating that housholds earning £90K are clear, but us on £60K are treated as high earning
Comment from : @mrmeldrew693

An absolutely disgusting and unfair tax Literally stealing money from children, via their parents No incentive for working parents to progress in their careers, do overtime or get bonuses No wonder this country is so unproductive
Comment from : @hamiltonmews

Just to add the they whole one person earning over 50k and the child benefit thing is such a joke if we both earned 49'999 we would still get the full child benefit
Comment from : @Stormf0rce999

Hiya, do you have an example for the £100k earnings limit, not for child benefit, but for childcare costs instead? TIA
Comment from : @Afzal_EightySix

Hi Justin, If you earn over 50k and manage to reduce it under 50k via pension contributions Do you still have to fill out a self assement or is it ok to just not report it as normal Thanks
Comment from : @T-ROY90

Hi Justin Is it too late to put money towards a pension to avoid/reduce the amount of high income tax for 2022-2023? Or can I only do this for the current tax year and going forward?
Comment from : @raymiah1521

Definately added value to my understanding of tax intricacies :) Thank you!
Comment from : @darius1972

While poor families cannot pay their energy bills
Comment from : @jacobfield4848

I thought this only worked if it was done via salary sacrifice through employerbut your video suggests you can do it by putting money into a private pension?
Comment from : @rinakaur7245

Hi Justin, I'm borderline 40 tax bracket and will cross that threshold after this years pay review Been looking for an explanation like this for a while, so a big thank you Is there any way of keeping my wife's marriage allowance too through pension contributions, or will I lose that when I cross that threshold?
Comment from : @ade7163

Is the 50k net or gross ?
Comment from : @daliaa5294

Hi Justin I receive a total of 75k a year Made up of 2 Jobs and an Army Pension 1 job is 50k the other is 10k and the army pension is 25K My main job at 50k I sacrifice 27k bringing me to a total of 48k Is the higher child benefit charge based on the 48k or 75k Thanks in advance
Comment from : @StephenGraham-fp7xt

Either make AVC’s into your pension to get it back under £50k or lose the child benefit
Comment from : @rge6108

Savings can be even higher if the person paying into a pension pays child maintenance through a Child Maintenance Sevice (CMS) as contributions to a pension reduce the income, meaning that a lower rate is payablebrbrThis is significant as CMS payments are worked out on Gross Income, and can be as much as 19 of gross income So someone earning 60K and on higher rate tax, could also be paying a further 19 in Child maintenance, on top of the tax and NI Which is siognificantly reduced if money is paid into a pension
Comment from : @childmaintenanceuk

He Justine, I earn 70k, with 65k car allowance and a 10k bonus, I currently pay £184pm on pension contribution How do I keep my child benefit ££
Comment from : @banichoudhury1846

Hi Justin, my last year pay was 59000 but my basic was 44000, the difference was in overtime, now HMRC are saying that my Net income is over £50000 and I need to fill in a Self Assessment as I claim for 2 children, what are my options?, is the Net Income 59000 or 44000?, any support would be great
Comment from : @itskeirashorts4520