Counting My Contributions To Partners Pension against 50k Salary Child Benefit Cap

[Deleted User]

Hi,

I'm currently perilously close to breaching the 50K salary ceiling, after which the government will start incrementally clawing child benefit back.

The HMRC child benefit calculator says you can discount pension gross pension contributions paid directly from your taxable pay.

Does it have to be contributions to my own pension for which this is dedictable? Or can I can use this?

Thanks,
James

BoGoF

Can only be your own.

wjr4

Where does the OP state that they have maxed out their own contributions?

Paul_Herring

[Deleted User] wrote:

I'm currently perilously close to breaching the 50K salary ceiling, after which the government will start incrementally clawing child benefit back.

The HMRC child benefit calculator says you can discount pension gross pension contributions paid directly from your taxable pay.

Does it have to be contributions to my own pension for which this is dedictable? Or can I can use this?

It's your [gross pay] minus [the amount that ends up in your pension scheme] from your own contributions.

If you're salary sacrificing, subtract [the amount sacrificed].
If you're contributing from net pay, subtract [the amount sacrificed * 1.25] (i.e. after rebate.)

Do not include any employer contributions in this calculation.

The result of this calculation is the one compared to the £50K limit for child benefit.

Johnnyboy11

I'd go one step further and stuff as much into your pension scheme (or a private pension) to get yourself out of the higher rate tax bracket altogether. The wife and I have been doing this ever since Dave and George's pub lunch policy was introduced back in 2013. We now have enough pension salted away to retire at 55, which is nice. Unintended consequences, they say...