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Child Benefit for 52K p.a.

sarah_id1
sarah_id1 Posts: 336 Forumite
in Benefits & tax credits
I get child benefit for my 2 kids. Would having a salary of 50K+ stop my child benefit?
«13

Comments

  • xylophone
    xylophone Posts: 45,850 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    http://www.bbc.co.uk/news/business-17854937

    http://www.thisismoney.co.uk/money/news/article-2213947/Child-benefit-cuts-hit-couples-3-000-tax-bill.html

    might be worth a look.
  • melbury
    melbury Posts: 13,251 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've been Money Tipped!
    Is it only me who considers £50K to be a very high salary?
    Stopped smoking 27/12/2007, but could start again at any time :eek:

  • krisskross
    krisskross Posts: 7,677 Forumite
    melbury wrote: »
    Is it only me who considers £50K to be a very high salary?

    Not really after tax, NI and probably pension contributions. Maybe about £2700 a month net. Out of this would come mortgage payments etc and I would hazard a guess that the OP is possibly in the south east where housing costs will be high.

    There is a thread on here where someone not working and on full benefits is getting very very close to this figure with no commuting costs, work clothes etc to buy.

    Plus of course with higher salaries comes higher work loads, responsibilities etc.
  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Iy blummin' well is when youre a pensioner living on about 11, but its all relative I suppose, I dont have a mortgage or kids, thank god.
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
  • somethingcorporate
    somethingcorporate Posts: 9,449 Forumite
    It's all relative. To my friends in my home town £50k is a bucket load. To my peers in the company I work at it is quite modest and to my solicitor friends it is nothing compared to what they earn.

    It really is all relative, my wife's boss makes £1m+ a year, some kid of a sultan has a couple of £bn stashed away and would certainly value my wife's boss as worthless!
    Thinking critically since 1996....
  • heleng27
    heleng27 Posts: 59 Forumite
    Part of the Furniture Combo Breaker
    to me who lives in Surrey, 50k is not a lot. I live in a flat on the edge of the towns most notorious council estate, and my neighbour recently sold her 2 bed flat for 200k. I won't even start on the price of a pint, lol
  • heartbreak_star
    heartbreak_star Posts: 8,287 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Rampant Recycler
    To someone who lives in Tyne and Wear it's a fortune...

    HBS x
    "I believe in ordinary acts of bravery, in the courage that drives one person to stand up for another."

    "It's easy to know what you're against, quite another to know what you're for."

    #Bremainer
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Mortgage-free Glee!
    I believe an income of 52k isnt to be sniffed at wherever you live
  • somethingcorporate
    somethingcorporate Posts: 9,449 Forumite
    woodbine wrote: »
    I believe an income of 52k isnt to be sniffed at wherever you live

    You'd not be able to afford to rent in chelsea on that salary.
    Thinking critically since 1996....
  • princessdon
    princessdon Posts: 6,902 Forumite
    heartbreak_star wrote: »
    To someone who lives in Tyne and Wear it's a fortune...

    HBS x


    Why do you say that?
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