Child Benefit threshold increase

[Onetwobuckeroo]

As per the budget just now, please can anyone explain to me, does the below mean salary p/a or £60,000 including pensions and any potential bonuses?

“Full child benefits to be paid to households where highest-earning parent earns up to £60,000”

I am interested in this too , I’ve just read that the threshold is raising to 80,000?
Edit : I’ve just noticed that it tapers from 60-80 k.

It's currently taxable income (so after pension, tax free childcare etc) so assume that would remain the same.

Still not tackled the unfair single parent rule. So now a single parent earning £60k will start to taper.

But a couple each earning £59k so a total £119k will get full benefit.

I know he said there will be a consultation on this but I don’t understand why he didn’t just make it on total household income at a more fair level say £80k?

Because he hasn’t worked out how many voters the Tories will gain/lose if he made this change.

Moving to a system based on household income will be so expensive to implement and difficult to manage.

Because there is currently no way to tax one person (the claimant) on household income. The entire UK tax system is based on assessment as an individual (before anyone says partnerships..no, partnerships are not taxed but instead each partner is taxed individually on their own share of the profit).

There needs to be consultations, amendments to legislation etc.

I would hazard a guess if this ever actually gets approved any overpayment won't be recovered via the tax system but will be done in a way similar to UC instead using real time payroll data and some sort of UC-style database where you make a joint claim that way.

It'll cost millions to implement. Great way to burn money. Should just scrap child benefit altogether.

The opposite. Child benefit should be available to all primary carers as a universal benefit. By far the simplest way to implement it. High earnings don't HAVE to claim it.

You scrap it for all and you will cause real harm for thousands of children.

That’s planned for 2025.

Hard agree.

Yes and won’t come in until April 2026. They won’t be in power if then so they can leave the complicated system to the next government to sort out

i’ve no skin in this by the way we are way under the threshold and and two parent family