Child benefit tax and non-taxed savings interest

JimmyTheWig

Hi,

Now that savings interest is no longer (generally) being taxed, does anyone know if the income from them is still used to determine whether child benefit needs to be repaid or not?

E.g.
Someone earning £49,900 salary and £300 interest on savings. Would they be classed as over £50k and so have to pay?


Thanks,

Jim

Darksparkle

It's still taxable, just that the first £1000 is taxed at 0%, so yes it's still included.

JimmyTheWig

That's a good way of looking at it, Darksparkle. It explains why it doesn't need seperate rules.

Thanks.