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Child Benefit High Earn Tax Question
Comments
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Why £1,800?
Where are you getting £300 from?
HICBC on £51.5k would be 15% of the Child Benefit.
How many children is Child Benefit being paid for?0 -
1800, sorry should say 1500, to cover the amount earning over 50k and it’s for 2 children. I plugged the numbers into the HMRC calculator and that’s the amount it said I owe in tax, £3001
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Seems a bit on the high side, Child Benefit for two kids is about £1,800 and 15% is only £270 but I guess it's in the right ballpark.0
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