High income earner tax - child benefit
Comments
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retiringtoosoon said:sheramber said:0
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[Deleted User] said:retiringtoosoon said:sheramber said:
= all talk and no action.
I would expect this to be looked at in the next parliament - especially if Labour is in power.0 -
I wouldn't hold your breath.0
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This is the key point:
"I have several constituents who agree with the hon. Member—indeed, this goes to the heart of why the charge is seen as unfair. One of my constituents, Andrew Malloy, summed it up when he asked why a family with one parent earning £50,100 could be hit with a tax payback, while a family with two parents earning over £49,000 each was not affected. He has a valid point: a household with a total income of over £99,000 can still receive its full entitlement to child benefit. Shaun Boyle also struggles to understand why that is the rule, as households earning much more than his are entitled to benefits that his household is not. After deliberations, he concludes that
“this cannot be a fair system.”
From my questioning and research, I am inclined to agree with him entirely."
Can anyone explain the reasoning behind this?
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Jeremy535897 said:I find it quite odd that someone earning £13,000 is paying tax and might be entitled to no benefits, and someone earning £50,000 might be getting benefits on which they are just about to be asked to pay tax.0
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Jimeji said:This is the key point:
"I have several constituents who agree with the hon. Member—indeed, this goes to the heart of why the charge is seen as unfair. One of my constituents, Andrew Malloy, summed it up when he asked why a family with one parent earning £50,100 could be hit with a tax payback, while a family with two parents earning over £49,000 each was not affected. He has a valid point: a household with a total income of over £99,000 can still receive its full entitlement to child benefit. Shaun Boyle also struggles to understand why that is the rule, as households earning much more than his are entitled to benefits that his household is not. After deliberations, he concludes that
“this cannot be a fair system.”
From my questioning and research, I am inclined to agree with him entirely."
Can anyone explain the reasoning behind this?
It is presumably a money spinner for the government and whoever is in power will be well aware of that.
And someone individually earning £99,000 could also keep 100% of the Child Benefit if they wished. Just make sufficient RAS pension contributions. Even simpler next year when the annual Allowance increases to £60k.0
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