Child benefit charge - Salary limit increasing?

fuelcrusher

Hi.

Can anybody please tell me if, for 14-15 year, the salary limit before child benefit charges occur is remaining at £50,000 or is it increasing?

Need to plan next years pension contributions.

Thanks

pmlindyloo

The legislation here:
http://www.legislation.gov.uk/ukpga/2012/14/notes/division/1/8

(scroll to the bottom) talks about the year 14/15 so presumably there is no plan to increase it.

fuelcrusher

Thanks.

Shame, I guess all my pay rise will have to go the pension route then.

zagfles

I doubt they'll ever increase it. They'll probably do what they did with the married couples/additional personal allowance. Everyone with kids got it at first, then it got rolled into the children's tax credit tax allowance and withdrawn for higher rate taxpayers, then got merged into tax credits but not withdrawn till income was over £50k, then rolled into the rest of tax credits so withdrawn at a much lower income.

They'll probably start reducing the income limit if anything, and maybe eventually merge it into UC.