Child Benefit on £70k

rtidrtid

Hi All

Following a pay rise, i am now on exactly £70k salary per year.

I am trying to find out of the Child Benefit threshold of 70k applies before or after tax - but i can't find an answer

Does anyone know? I've trawled though the HMRC site, but its not clear.

Any help would be appreciated

Cheers.

System

Plug your figures into https://www.gov.uk/child-benefit-tax-calculator/main

I believe it is gross minus pension contributions and the ilk

fabforty

rtidrtid wrote: »

Hi All

Following a pay rise, i am now on exactly £70k salary per year.

I am trying to find out of the Child Benefit threshold of 70k applies before or after tax - but i can't find an answer

Does anyone know? I've trawled though the HMRC site, but its not clear.

Any help would be appreciated

Cheers.

Found this on the CAB website;


Your income will generally be your income before tax and deduction of ''Personal Allowance'. It includes everything you pay tax on, such as your wages or profits from self-employment, savings interest or rental income. It doesn't include some deductions, such as certain pension contributions or Gift Aid donations to charities. This is called 'adjusted net income'.


http://www.adviceguide.org.uk/england/tax_e/tax_how_to_pay_income_tax_e/child_benefit_and_tax_if_you_have_a_high_income.htm

jacklink

just baffles me as to why anyone earning over £1400 a week needs £20 a week child benefit ? and actually queries it

ChasingButterflies

jacklink wrote: »

just baffles me as to why anyone earning over £1400 a week needs £20 a week child benefit ? and actually queries it

I think you might have posted the above in the wrong section, next time try here http://forums.moneysavingexpert.com/forumdisplay.php?f=57