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Adjusted net income and child benefit
ANIhelp2024
Posts: 6
Forumite
in Cutting tax
Dear all
Do child benefits count towards adjusted net income with regards to hitting the £100k threshold for reducing personal allowance. There seems to be conflicting advice on the HMRC website.
I am trying to work out whether I need to make extra pension contributions or not as I am only just over the threshold with child benefits but if they were not counted I would not need to make extra contributions.
Thanks
Do child benefits count towards adjusted net income with regards to hitting the £100k threshold for reducing personal allowance. There seems to be conflicting advice on the HMRC website.
I am trying to work out whether I need to make extra pension contributions or not as I am only just over the threshold with child benefits but if they were not counted I would not need to make extra contributions.
Thanks
1
Comments
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Child Benefit isn't taxable income and as such not part of your adjusted net income.ANIhelp2024 said:Dear all
Do child benefits count towards adjusted net income with regards to hitting the £100k threshold for reducing personal allowance. There seems to be conflicting advice on the HMRC website.
I am trying to work out whether I need to make extra pension contributions or not as I am only just over the threshold with child benefits but if they were not counted I would not need to make extra contributions.
Thanks
Where have you read something that suggests it is?0 -
Another post on this forum. That is useful thank you for your help0
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