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Increase Pension Contributions To Keep Child Benefit
Comments
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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.0 -
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.....I think....0 -
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.0
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