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Original poster

Earning 52k and child benefit?

80 replies

pippapips7 · 16/03/2023 15:28

We get the £87 a month child benefit for 1yo. When we applied, DP earned 40k and I earned 15k pro rata and it came in really helpful. DP got a promotion in January and now earns 52k (as did I and increased my hours but nowhere near this mark). At the time I made a mental note to check out what this means for the child benefit but it just popped into my mind yesterday. Will we no longer be entitled to it? I've had a look online but can't get a simple answer and a bit confused. Not sure if it's easier to just cancel rather than get a bill through to pay it back? Just hoping someone who has had a pay increase from under 50k to over 50k and received child benefit can shed some light on this?

OP posts:
taxquestiontime · 13/02/2024 11:22

Thanks everyone for your help, it is a shame it is so complicated but this is my first time in this situation so just trying to get my head around it all.

Silverbirchtwo · 13/02/2024 11:24

I'm surprised people earning over £50k are not doing self assessment. I have never earned that much but have pretty much always done self assessment, don't people have savings interest to declare or expenses to claim, or does everyone do all of that via PAYE by declaring in a letter to HMRC? Particularly now interest rates are much higher people are more likely to owe tax on interest earned.

Lastnamedidntstick · 13/02/2024 11:34

Silverbirchtwo · 13/02/2024 11:24

I'm surprised people earning over £50k are not doing self assessment. I have never earned that much but have pretty much always done self assessment, don't people have savings interest to declare or expenses to claim, or does everyone do all of that via PAYE by declaring in a letter to HMRC? Particularly now interest rates are much higher people are more likely to owe tax on interest earned.

I don’t earn more than £2k in savings interest, which I think is the max you can earn before paying tax.

i don’t have expenses outside of my role, and have never in all my time PAYE. If I claim travel etc, it goes through HR and is added to my payslip, so no need to declare it on a SA as well.

TheOneWithUnagi · 13/02/2024 11:39

Silverbirchtwo · 13/02/2024 11:24

I'm surprised people earning over £50k are not doing self assessment. I have never earned that much but have pretty much always done self assessment, don't people have savings interest to declare or expenses to claim, or does everyone do all of that via PAYE by declaring in a letter to HMRC? Particularly now interest rates are much higher people are more likely to owe tax on interest earned.

I've never done SA and have earnt >50k for many years.. always paid via PAYE and I do have a decent level of savings but all in ISAs.

remonstrations · 13/02/2024 16:30

DiscoBeat · 13/02/2024 09:35

You can do that? Do you know if there is an upper limit on the amount you can pay in? Surely people would just fiddle the system otherwise? I stopped claiming years ago but didn't think about paying more into my pension.

Show quote history

The max you can pay in is currently £40k per year, imminently rising to £60k in the next tax year (so you're probably not going to get anywhere near it).

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