Increase Pension Contributions To Keep Child Benefit

Dazed_and_confused

A dividend payment is of no real help with the High Income Child Benefit Charge though.

£2,000 dividends might be taxed at 0% tax rate but is still £2,000 taxable income and part of the ANI calculation for the purposes of HICBC.

michaels

Dazed_and_confused wrote: »

A dividend payment is of no real help with the High Income Child Benefit Charge though.

£2,000 dividends might be taxed at 0% tax rate but is still £2,000 taxable income and part of the ANI calculation for the purposes of HICBC.

If the high earner gets the dividend - if the low earner gets it then it doesn't matter due to the craziness of the rules that says 1 earner on 60k gets no child benefit but two on 50k each get it all.....

ChopperST

Thanks everyone for the replies. I've always done my own tax return as its never been particularly complex. Think I will look at an accountant for the next financial year.