What To Do About The High Income Child Benefit Tax Charge

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Information What To Do About The High Income Child Benefit Tax Charge

Title	:	What To Do About The High Income Child Benefit Tax Charge
Lasting	:	8.19
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Views	:	9,5 rb

is that based on just and only income? what about a good year on capital gains for investments?brthanks
Comment from : @leeprice9608

My salary was 48000 gross and in October got payrise to 51000, however my p60 for year 23 /24 shows that my income is 48300 , so in this case should i pay the charge and do tax return?
Comment from : @muhanadhammad3109

What about if you earn a bonus?
Comment from : @APRS

I earned 57k last year which is the gross stated i need to declare in ny p60 however i paid 4k into a company pension which is a smart salary exchange type do i reduce what i declare by the 4k?
Comment from : @yiepie

Exactly my situation I earn 60k and my wife earns about 20k We get no child benefitbrMy sister combined with her husband earn about 80k between them and get all the child allowance
Comment from : @stevecollins6858

My P60 has an * next to "In this employment" figure and it states use this for your tax return if you get one If that figure is less than 50k do you need to do a tax return as a PAYE employee? I don't meet any other requirements (Capital gains etc)
Comment from : @dreamlab01

Hi there,brI have a question I stopped claiming as i earn over 60k, but if my wife applied (who earns below tax threshold) and we put the money into a savings account for up to a year, benefitting the interest, is this worth it and when must the money be paid back? Also is it true you get NI credit for applying too?brWould really appreciate your help on thisbrRegardsbrCraig
Comment from : @craigbarnes2694

if i earn 55000 gross income ( that fugure is on my P60 ) and bean deducted 10000 for tax and 5000 NI do i still need to pay high income charge ?
Comment from : @Srebrnyjastrzab

My application to register online with HMRC keeps getting bounced back Any ideas?
Comment from : @keithmacleod463

I’ve been claiming child benefit for 9 years for my son… From September I’ll be over £50k for the first time… Can they claim anything for the previous years I was earning less than 50k?
Comment from : @chimpanzeethat87

Many thanks for this explanation I still don't understand is the 50k a gross salary (before taxes) or it is the net income (after taxes being paid)? This is at zero pension for simplicity brFor instance, if I earn 70k gross, my net (after tax, money transfered in my bank account) would be around 50k Will HMRC take 50k or 70k for the adjusted net? brMany thanks in advance!
Comment from : @dimchohvarchilkov683

Does this include the work place pensionpeoples pension?
Comment from : @hannahcooper7115

How do you notify hmrc about the extra payments to your personal pension and your adjusted annual income? Does this require you to fill in a self assesment form?
Comment from : @rodthecod7157

Just got that letter through the door They're asking for Tax back plus a penalty Going to have to try and pay on the online tax portal now Thanks for the tip about contributing to the pension, might do that going forwards
Comment from : @IICY1984

Would a pension contribution before tax count towards getting anything >50k down?brbrFor example if your salary is £55k but you make a 10 pension contribution prior to tax being taken off, leaving you with £495k, would you still be subject to the charge?
Comment from : @ryanward6755