What do you do with your child benefit?

Spendless

lennymfo wrote:

Woo ooo!!!

Just a thought, but if you have any benefits in kind with your job this is also added on as income for the purposes of tax credits (yes even though you are already taxed on it, so you have a lower net income than anyone without the 'perks') you add on the amount from form P11D (we have to add on £7K cos of DH car, petrol and BUPA).

immoral_angeluk

Spendless wrote:

That's right, and it wasn't initially paid to the 1st child (mum didn't get it for me initially -I'm 40) later they paid it to the eldest child also and at the same rate then changed it to what we have today where the eldest is paid a higher rate than additional children. In April 2007 it is going up to £18.10 a week for eldest and £12.10 for additional children.

Once I return to work, I'm hoping my wages will pay for the extras CB currently does, and I'll be able to save the CB for the kids for things like uni,weddings, driving lessons, car or house deposit.

Woohoo! It may only be a few pounds extra but I'm not complaining! Especially as we'll have 2 children by then!