Child benefit and state pension

seven-day-weekend

ChopperST wrote: »

My wife is a SAH Mum for our two little ones. She is the named recipient for our child benefit but the money is paid into my bank account as I am a higher rate tax payer and I pay into a SIPP to reduce my ANI so we can keep the benefit. My wife has no interest in finance and is more than happy for me to do so.

Here is just one practical example as to why the man might be receiving the child benefit as opposed to the woman. It certainly isn't financial abuse.

I agree that whatever suits your family is best for your family, whatever others may do. It is also good that in this case, as she is the named recipient, she will be credited with NI towards her State Pension

ChopperST

seven-day-weekend wrote: »

I agree that whatever suits your family is best for your family, whatever others may do. It is also good that in this case, as she is the named recipient, she will be credited with NI towards her State Pension

That's exactly the reason we work it that way, easy for accounting purposes but she gets the NI credit while she's not on PAYE.

zagfles

ChopperST wrote: »

My wife is a SAH Mum for our two little ones. She is the named recipient for our child benefit but the money is paid into my bank account as I am a higher rate tax payer and I pay into a SIPP to reduce my ANI so we can keep the benefit. My wife has no interest in finance and is more than happy for me to do so.

Here is just one practical example as to why the man might be receiving the child benefit as opposed to the woman. It certainly isn't financial abuse.

And we have joint accounts, so it makes no difference whatsoever who actually gets paid as it ends up in the same account. Other than for NI credits purposes (and no difference for that now for us as we both get credits from employment income).

atush

but the money is paid into my bank account

Is this a joint account?