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Original poster

Is this right- calculation of high tax charge Child tax Benefit

29 replies

speciall · 19/01/2023 19:25

Salary is £55k and received CHB for three children - £2550. No contribution to personal pension and 5.45% contribution to Employer's pension. P60 states - income earned £55041 at the bottom of the page and also states tax deducted.
My question is that - do I need to take the pensions contribution out of this figure ?

Self Assessment form states that I cant include employer's pension on this form but only private pension.

Tax calculated is £1280. Is that right?
I thought I can take pension contributions out from the gross salary but looks like I can't.

OP posts:

Morph22010 · 29/01/2023 21:40

WeeFinbar · 29/01/2023 16:57

Might want to double check exactly what is happening with the private medical. Morph is right, in that if a P11d is issued, then that value will not appear on your P60.

However, my private medical benefit moved in the last tax year from being included in a P11d to being treated as taxable in my monthly payroll. And was therefore included on my P60 for the most recent tax year. If this has happened to you, it should show in your monthly payslip.

This may explain why he never got a P11d this year as there was potentially nothing additional to report.

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Aah yes sorry missed the bit about not getting a p11d this year, check if there was one as if benefits have been payrolled which is an option you don’t also get a p11d.

MusicWithRocksIn · 31/01/2023 02:56

Thanks all, there was a p11d, he just hadn't been sent it. Got it now and just completed the return and paid the charge. Will look at whether he can afford extra pension contributions in future to take him back below the 50k.

Original poster

speciall · 31/01/2023 04:42

I have paid the 50 % of CB but P60 is completely different like you guys are mentioning. I will put a photo of that box.

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maeveiscurious · 31/01/2023 10:42

Don't forget your charitable donations are get tax relief

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