We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Self assessments for CB Higher earner, Kids now adults

Spendless
Spendless Posts: 24,361 Forumite
Part of the Furniture 10,000 Posts Name Dropper
edited 20 March 2023 at 8:27AM in Cutting tax
When the different changes came about for Higher earners back in 2013 (??) we continued to receive CB and at the end of  each year DH who is PAYE filled in a self assessment form. Our youngest child finished further education  (sixth form) in summer 2021, the last CB payment being paid Aug/September 2021. At the end of the last calendar year (late 2022) DH did a self assessment again as we'd received some  CB in the tax year April 21-March 22. 

Later this year (end of 2023) in the usual way DH would do a self assessment again for what we received during the previous tax year (April 2022 - March 2023) However we have not received any CB during that period, as daughter finished (sixth form) education and is now almost 20 and at Uni.

Does DH continue to fill in this self assessment form? If so until when - just this year to show CB were no longer paid or 'forevermore' (as DH seems to think is the case). DH always filled in the tax  towards the latter end of the year as he has benefits in kind (eg company car and doesn't pay for petrol), so waits for his p11d to come out first (around June-ish time) . Just adding this info in case it makes a difference to the replies. 




Comments

Meet your Ambassadors

Categories

  • All Categories
  • 347.2K Banking & Borrowing
  • 251.6K Reduce Debt & Boost Income
  • 451.8K Spending & Discounts
  • 239.5K Work, Benefits & Business
  • 615.4K Mortgages, Homes & Bills
  • 175.1K Life & Family
  • 252.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.