Child benefit for high earners

Gobigorgohome

my husband earns over £100k although sometimes we manage to bring it to just under £100k with pension contributions but not always possible.
I earn £25k. We have 2 children but never claimed child benefit (opted for no payments).
I am wondering if it is still worth me claiming it and putting it into childrens premium bonds or some saving account for them even though I know that my husband will have to pay it back in tax.

The hope that they might win something or earn interest. Is it worth doing or a waste of time?

Dazed_and_C0nfused

https://forums.moneysavingexpert.com/discussion/6662628/child-benefit-for-high-earners

It would be worth doing from yours and the children's perspective.

But have you discussed this with your husband, he will be the one out of pocket and have the tax side of things to deal with.

Newbie_John

It is £1000 a year, with 4% interest rate you will get £20 of interests a year / child.

You tell us if it's worth it.

QrizB

Aside from the CB payments, OP would also get NI credits - these might not be important at present if they're covered by their employment, but if that's not a steady wage then having NI covered could be worth the mild inconvenience of having to repay the CB at the end of the year.

sheramber

You, or your husband , could just put the amount you would receive direct into savings rather than getting paid the benefit, putting it into savings and then having to pay the same sum back to HMRC.