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Child Benefit help please
Whiskas12
Posts: 11 Forumite
My partner has received a tax statement suggesting a child benefit charge £3374 for 23-24 tax year!!, we do not exceed £60,000 per year (his wage went up to £59 in August 2023) and we only receive c£1900 amount in child benefit how can this be right?
We are now stressed out and can't speak to them until Monday.
We are now stressed out and can't speak to them until Monday.
0
Comments
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If this is for 23-24 then they won;t be doing the full calculations for some months. Did you stop claiming CB?
I always claimed CB and then had to pay it back but never paid back more than we got - have you put the figures into the calculator? https://www.gov.uk/child-benefit-tax-calculator0 -
What exactly have you recieved?
Is it a coding notice? Can you share the figures on it?0 -
My guess would be that, rather than that figure being the amount they expect you to pay, it is rather a figure to adjust his tax code by.Whiskas12 said:My partner has received a tax statement suggesting a child benefit charge £3374 for 23-24 tax year!!
40% of £3374 is £1349.60 - if the tax code of a higher rate tax payer is decreased by 3374 then you will end up paying £1349.60 more in tax, which is less than the child benefit you are collecting.0
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