MSE News: Higher rate tax payers to lose child benefit

alchera

sh1305 wrote: »

Name the selfish reasons? Is it selfish to have a child because you want one?

Of course it is. In what way does you wanting a child benefit the child? If it does not, then you are being selfish.

BTW - the question was - name one UNselfish reason for having children. The fact that you are unable to do this is noted. Of course you can't.

Fran

GOING OFF-TOPIC


Hi, Martin’s asked me to post this in these circumstances: While it’s easy to wander off-topic that often prevents newbies finding the information they want quickly and easily (please see this rule). Please keep this thread on topic. If you’d like to discuss non-MoneySaving related topics please continue your discussion in The MoneySavers Arms or Discussion Time. If you have any questions about this policy please email abuse@moneysavingexpert.com.

hiney777

I removed this post as it nothing to do with the subject

Kitten-B

Whoa - lots of crazy ranting arguments since i last checked this thread - this is my first thread i've read / joined in on MSE and i'm bit surprised and kind of disappointed by how it's all gone a bit playground (having been very impressed by the intelligent comments made before it went downhill).

Just wanted to say one thing - I think CB is a bit of a misnomer. If it wasn't called a benefit and claimed like a benefit and intstead say perhaps children meant a tax coding increase to one parent's personal allowance (thus meaning parents paid a little less tax to help support members of society that are incapable of supporting themselves) most of these arguments could have been avoided.

Personally I'd rather the govt worked at reducing the costs of childcare - which feels like almost an intial tax on jobs - than gave CB. I read today that the UK has the highest chilcare costs in the world - average of 33% of household income, compared to say Australia where it is 10%.

hiney777

I agree with Kitten, lets get this back on track (I've been guilty of getting side tracked myself)

sorry

Former_MSE_Andrea

As Fran has asked, let's get this special MSE-started thread back on topic please.

scootw1

MSE_Andrea wrote: »

As Fran has asked, let's get this special MSE-started thread back on topic please.

Not being funny Andrea but MSE Guy started this thread with the following line :

This is the discussion thread for the following MSE News Story:

So shouldn't this have been put in Discussion Time?

Dhmellor

Much discussion here of the anomalies, but there may also be some impracticalities too.

AFAIK, the tax system no longer recognises 'marriage' or 'households' - it treats every taxpayer as a separate individual.

So exactly how are HMRC going to frame the question? If it asks a taxpayer to declare child benefit s/he has received (as it already does for the state pesion, for example) then a HR taxpaying husband can simply record nil, as the benefit is paid to his wife/partner.

To get round this, the question will presumably be something like 'is anyone in your household in receipt of child benefit, and if so, for how many children?' In which case, if both parents are HR taxpayers, how will HMRC avoid deducting the CB from both of them?

Fran

Dhmellor wrote: »

So exactly how are HMRC going to frame the question? If it asks a taxpayer to declare child benefit s/he has received (as it already does for the state pesion, for example) then a HR taxpaying husband can simply record nil, as the benefit is paid to his wife/partner.

To get round this, the question will presumably be something like 'is anyone in your household in receipt of child benefit,

Child Benefit is administered by HMRC so they know who receives Child Benefit.

DirectDebacle

I am now reconsidering my previous posts after having read this article in yesterdays Guardian as to how severely these changes can impact a HRP just above the cut-off point.

http://www.guardian.co.uk/money/2010/oct/09/child-benefit-stay-home-mother