Repaying child benefit overpayment

xylophone

You say that your husband's salary may be just over £50,000 per annum.

https://revenuebenefits.org.uk/child-benefit/guidance/how-do-child-benefit-and-guardians-allowance-work/high-income-child-benefit-charge/

This was his "adjusted net income"?

Did he make any pension contributions?

https://www.unbiased.co.uk/news/tax/how-to-avoid-the-child-benefit-tax-charge

https://www.taxcafe.co.uk/resources/childbenefitcharge.html

Is it possible for your husband to borrow £3000 over a longer period than a year?

Libbyd

Darksparkle wrote: »

How much have you offered? Have you provided them with details of your income and expenditure? Do you have an assets you can use, savings or investments etc.

As above, if you post a statement of affairs on here others may be able to offer you advice to cut back on other outgoings.

I think he said he offered them £100 a month and they refused.

No we have no assets.

Thank you.

Cheeky_Monkey

Could your husband get a credit card with 0% interest and pay off the £3k in one go?

Comms69

Libbyd wrote: »

I think he said he offered them £100 a month and they refused.

No we have no assets.

Thank you.

Given that's less than a day wages I'm not really surprised.


surely with 3k every month you're able to juggle something?

TELLIT01

Cheeky_Monkey wrote: »

Could your husband get a credit card with 0% interest and pay off the £3k in one go?

HMRC will no longer accept credit card payments from individuals.

antonic

This is from the HMRC website
https://www.gov.uk/repay-child-benefit-overpayments

Go back to with them details of your income and expenditure details and also say that you are a vulnerable customer because of your recent illness.

Did you supply HMRC with your I & E details when you made the offer of £100/mth ?.

I would suggest you offer to make a lump sum payment to HMRC when you make another offer, as HMRC will see that as a commitment from you to pay the debt.
If HMRC do agree to a repayment agreement they expect you to pay by Direct debit.

John-K_3

I struggle to believe that you have no assets. No car, no mobile phones, no spare clothes, no television, no jewellery?

How is this possible?

Edited to add, I just had a look at other posts. You have a house which you own, you had Sky television back then, an iPhone, a car etc. have these things all gone, including the house and television?

TELLIT01

John-K wrote: »

I struggle to believe that you have no assets. No car, no mobile phones, no spare clothes, no television, no jewellery?

How is this possible?

Edited to add, I just had a look at other posts. You have a house which you own, you had Sky television back then, an iPhone, a car etc. have these things all gone, including the house and television?

I've worked with people earning a hell of a lot more than the OP who have struggled when one income is lost. Mobile phones, Sky TV etc often have contracts attached to them which would continue to cost exactly the same amount if there was any attempt to break the contract.
There may be ways of raising the funds by means of bank loan or similar, but we don't know the OPs financial situation. My suspicion, from their replies is that they financially stretched - maybe overstretched.
I'm now just waiting for the 'It's their own fault' responses from the usual suspects.

John-K_3

But why do you bring up the contracts? You do not break your contract if you sell your iPhone. Yo do not break your sky contract if you sell your television.

You do not seem to understand the situation here. HMRC are owed money, people do not get to choose to keep a very expensive luxury while claiming that they cannot pay.

Well, they can claim, but they should expect to have it pointed out to them.

jayII

Cheeky_Monkey wrote: »

Could your husband get a credit card with 0% interest and pay off the £3k in one go?

Or get a 0% spending card and use this to buffer, (using it for usual spends such as groceries) the difference between the £100 he's offered and the £250 HMRC want.

If he gets a card with a long 0% period, it could be paid off over the following year.

Good luck OP, it sounds like a tough situation for you both.