Benefits for high earners

byrneand

Hi everyone,

Excluding the moral debate over whether allowances and/or benefits should be allowed/claimed by higher earners, I was just wondering if anyone could flag what benefits or tax credits are available for families where one of the pair earn over £150k per annum.

We are moving back to the UK and have no experience of claiming anything. The only reason we ask is that we will have a newborn and I'm conscious that in the past there have been various child schemes available. I think these have been made redundant however for higher earners.

My wife is a stay at home mum, we'd have a < 1year old, and then I'm fortunate enough to earn >£150k.

I've checked some of the calculators and they suggest that we're not eligible for anything (which doesn't seem unreasonable). Can anyone suggest if there is anything we should look into for eligibility?

Thanks in advance.

Funky_Bold_Ribena

I think you get your home paid for for 5 years. And we can't have you having to buy your own food now, can we? So I think that's covered.

katiejones

Please, please tell me this is a wind-up. 'Cos if not, you are really, really nuts xx

Chrisblue1962

A newborn? ...a newborn what?

Am I right in thinking we've all been transported to a scene out of the “Twilight ” film series? :rotfl:

McKneff

Good grief, my OH and I live on much less than that. We are pensioners, have 1.6 state pension and 2 small, very small private pensions. And because we worked all our lives and we have modest savings, we are entitled to zilch. We manage and cut our cloth according to our means, we have a couple of holidays, run a car, eat well. etc.

Truly, apart from that I am lost for words, or it has got to be a total wind up.

McKneff

katiejones wrote: »

Please, please tell me this is a wind-up. 'Cos if not, you are really, really nuts xx

Tell it like it is Katie lass...:rotfl::rotfl::rotfl:

xylophone

http://www.hmrc.gov.uk/childbenefitcharge/introduction.htm

Mojisola

byrneand wrote: »

We are moving back to the UK and have no experience of claiming anything.

On that kind of income, you won't be getting any experience of benefits.

ineed

You won't be entitled to any child related benefits (rightly so) as you earn over £60,000.

I'm really hoping this is a wind up.

byrneand

byrneand wrote: »

Excluding the moral debate over whether allowances and/or benefits should be allowed/claimed by higher earners.

Well it seems like every Tom, !!!!!! and Harry who never works and claims benefits knows everything they're entitled to... And yet I still see a lot of satellite dishes, iPhones and play stations kicking around in these areas where statistically over 80% of parents receive welfare payments.

If you re-read the original post, I 'm not saying we want to claim them, simply want to know what actually is available.

By the way, I'm in work on a Sunday doing my 100-115th hour of work for the week. And obviously in reference, to the term "newborn" as was relating to a child.

Thanks again for the help.

byrneand

Mojisola wrote: »

On that kind of income, you won't be getting any experience of benefits.

Your spot on. I just remember people talking about child ISAs and the alike in the past.