Soldato
- Joined
- 27 Mar 2013
- Posts
- 9,322
What's a bit confusing imo is in my case, my wife had a pay rise to take her over 50k last April. I didn't even realise self assessment for child tax credits was a thing until someone mentioned it at work. I just assumed (presumably like a lot of people) that if you are PAYE, it sorts itself out as it's just another government department.Current rules - anyone earning below £50k can claim child benefit. For every £100 over your earnings of £50000, you have to repay 1% of child benefit to HMRC, so that when you are earning £60k you no longer receive the benefit at all
New rules - anyone earning below £60k can claim child benefit. For every £200 over your earnings of £60000, you have to repay 1% of child benefit to HMRC, so that when you are earning £80k you no longer receive the benefit at all.
What's annoying is that she'll have to do it, then have to deregister otherwise she'll get fined for not doing it even though the threshold is increasing above her pay (or at least thats how one of my colleagues explained it to me).