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child benefit reduction?
Paully28
Posts: 291 Forumite
Hi,
Is the £50K+ salary where you start to lose some of your child benefit the figure of your total salary before tax, NI is paid, or after. Also, can you take into consideration other aspects of your salary such as pension contributions which would lower your salary paid?
Or is it a simple as, if you earn over £50K you lose some of your child benefit? thanks
Is the £50K+ salary where you start to lose some of your child benefit the figure of your total salary before tax, NI is paid, or after. Also, can you take into consideration other aspects of your salary such as pension contributions which would lower your salary paid?
Or is it a simple as, if you earn over £50K you lose some of your child benefit? thanks
0
Comments
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I am by no means an expert but I believe (and could be wrong) that pensions are definitely taken off the figure and tax etc is also an allowed deduction.
https://www.gov.uk/child-benefit-tax-charge should help clarify things for you
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Only pensions you pay in to yourself because workplace pensions are already deductedMrsn said:I am by no means an expert but I believe (and could be wrong) that pensions are definitely taken off the figure and tax etc is also an allowed deduction.
https://www.gov.uk/child-benefit-tax-charge should help clarify things for you2 -
Covered as well on the op's duplicate post on the Cutting Tax board1
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