Benefits for high earners

iammumtoone

I read lots of threads where people are consistently put down for being benefits scroungers where every one has to pay for them. Now I find a thread where the OP might be one of those people paying and he is still being out down! Are the only people allowed on here 'average' earners?

I think the OP has worded his post badly put I didn't read it as he wanted to claim benefits as such (certainly not like the ones low income families receive). He was just looking for advise on what was available for him. A few years ago, before it changed he would have been able to claim child benefit and why shouldn't he have done, he would pay more than enough in tax and if he was still eligible he should have claimed. He also wants advise on how he can legally pay less tax (nothing wrong with that everyone in his position does it)

OP I think in your position you might be best paying a financial adviser for some advise, yes you will have to pay but unlike most on these boards you are in a position to be able to do this. It is a big decision you have to make which country to move to and rightly you do need to take into account where you will be better off financially along side the other considerations (schools etc) for your family. Good Luck.

thorsoak

byrneand wrote: »

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.

---

(today, 11.38) 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.

So - are you still abroad, or are you back in the UK already????

missapril75

princessdon wrote: »

... some school activities, brownies, cubs, etc can be claimed too.

I feel a Jimmy Savile joke coming on.
:eek:

Nick_C wrote: »

As someone earning more than £150K pa, you will be entitled to pay a minimum of £60K in tax and national insurance

I reckon that net pay of £90k would likely cause envy for those on a fraction of that sum.

xylophone

Actually Halifax pay 6% only provided you as an adult hold an ISA with them too.

And that rate only lasts for the first 12 months, then it reverts to the standard rate

I know this because I've just opened them for my 3.

Can you point to where on the web site or in the terms and conditions this information is given? (I am aware that the JISA rate is variable but this is not the same thing as a rate paid for 12 months then reverting to a lower rate.)

http://www.halifax.co.uk/savings/interest-rates/personal-rates/?pagetabs=0#junior_cash_isa

Are you sure that you are not confusing this with the Kids' Regular Saver?

http://www.halifax.co.uk/savings/accounts/branch-accounts/#kidsregularsaver

byrneand

thorsoak wrote: »

So - are you still abroad, or are you back in the UK already????

Still abroad but back in the UK every other month or so. Mum taught in one of the top 10 most deprived areas in the UK and have multiple friends and family based there who we see regularly. Hence a high level knowledge of the situation.

melly1980

missapril75 wrote: »

I feel a Jimmy Savile joke coming on.
:eek:


I reckon that net pay of £90k would likely cause envy for those on a fraction of that sum.

Im sure that the un-washed will have a jolly good time moaning about it on facebook / their state funded I-Phone 7 S'

thorsoak

byrneand wrote: »

Still abroad but back in the UK every other month or so. Mum taught in one of the top 10 most deprived areas in the UK and have multiple friends and family based there who we see regularly. Hence a high level knowledge of the situation.

So Mum will know all the ins and outs of claiming benefits .......

And is your employment status ex-pat still?

byrneand

thorsoak wrote: »

So Mum will know all the ins and outs of claiming benefits .......

And is your employment status ex-pat still?

Not sure whe your going with this. When the majority of children at the school are in families where there are significant benefits then it does give you an insight to the lifestyles of their families yes.

melly1980

lukieboy96 wrote: »

£150,000 and they want to know what benefits they can get?

I'll tell you what is more cheeky.

Expecting someone to have 50% of their salary forcibly removed from them to give to less sucessful people, and then listen to those same people lecture about benefits.

jacques_chirac

byrneand wrote: »

Not sure whe your going with this. When the majority of children at the school are in families where there are significant benefits then it does give you an insight to the lifestyles of their families yes.

Your mum works in an area of high deprivation. How do you go from that, to suggesting that 'almost every single parent in the country' is the same?

byrneand wrote: »

I don't think I'm out of line when I say it's the same question that almost every single parent in the country asks.

Be careful with that chip on your shoulder!