Child benefit - changing jobs and now earning more

Budders18

I claim child benefit but am changing jobs which will take me over the threshold & no point me continuing claiming. My question is, since April until this month I have claimed for child benefit, but from August I will be earning more and over the threshold for the higher rate tax charge - will I still need to complete a self assessment even though I have opted out of payments for when I earn more? 

HampshireH

If by the end of the year you have earned over the annual threshold then you will need to do a self assessment.

sheramber

Yes. The HIBC is calculated on an annual basis. 

If your adjusted net income from 6 April 25- 5 April 26 is over £60,000 then the child benefit received since April will be reclaimed on a sliding scale. 

The fact that the increase is from part way through the year doesn’t matter. It is the annual amount that matters. 

Dazed_and_C0nfused

Budders18 said:

I claim child benefit but am changing jobs which will take me over the threshold & no point me continuing claiming. My question is, since April until this month I have claimed for child benefit, but from August I will be earning more and over the threshold for the higher rate tax charge - will I still need to complete a self assessment even though I have opted out of payments for when I earn more? 

Is this the first time you will be liable to the High Income Child Benefit Charge?

Will your taxable income for 2025-26 definitely be at least £60,200?

Budders18

Dazed_and_C0nfused said:

Budders18 said:

I claim child benefit but am changing jobs which will take me over the threshold & no point me continuing claiming. My question is, since April until this month I have claimed for child benefit, but from August I will be earning more and over the threshold for the higher rate tax charge - will I still need to complete a self assessment even though I have opted out of payments for when I earn more? 

Is this the first time you will be liable to the High Income Child Benefit Charge?

Will your taxable income for 2025-26 definitely be at least £60,200?

Yes first time I’ll be liable for the higher charge - yes I’ll be over about £7k for this tax year now. Better set a calendar reminder for October next year to register for a self assessment! Thanks all!

Dazed_and_C0nfused

Have a read of this, it looks like you could be in a position to avoid Self Assessment now.

https://www.gov.uk/government/news/new-hmrc-service-announced-for-workers-to-take-control-of-their-tax-affairs