So child benefit to go for higher rate taxpayers

[foxinsocks]

So says George osbourne on breakfast telly. Missed the details but sounds like it comes in from 2013!

Lovely way to start the day.

DH earns £43,800. Doesn't pay higher rate tax (on the cusp of it although will check). I earn about £7,000. If we do lose CB would seem a little annoying that two people both earning £30,000 say, wouldn't.

But can see a few more details are needed.

"So if you're tax code is in that band no-one in your household gets CB"

But how would they know that I am in my husbands household? I use my maiden name still, and being in the same house doesn't mean anything.

Oh great!
We have three children and our CB is £188 per month. That will be quite a hole in the finances when that goes.

HOw are they going to handle the home responsibilities aspect of CB?

I am confused

the BBC says that it will effect families earning £44,000 a year. That's the combined wage?

That's me then, just about. Me and DH have a combined wage of £46,000. Jesus Christ. We may sound well off but it's really not true.

Libra

The household income is NOT THE SAME.
Single income household £44,000 take home £32,270.40

Dual income household on £22,000 each take home £34208

That is why childcare costs need to be taken into account in these things I think- if you add childcare for two into the dual income household they will effectively have around
£20,000 yet will not get CB, TC etc.

However if a family only earns £20,000 in the first place they will be entitled to CB and TC probably pushing their income up to around £30,000.

And.... this is yhet another Consrvative policy which will push women back into the home against their will FFS!

A family with more than one or two children is really going to be hit hard, especially with the tax credits too.

"But how would they know that I am in my husbands household? I use my maiden name still, and being in the same house doesn't mean anything."

The same way that they know if you're in the same household for Tax credits, everyone will have to fill out a form when they claim the benefit.

Ok Child benefit is paid to me - I pay basic tax rate (just earn over the personal limit ) .

The benefit is paid to ME not to me AND DH so intrigued how it will work . DH earns just over the £44,000.

Also - don't Child benefit payments count towards the NI payments of many women?

Grrr. The whole point of child benefit is that it was paid to the mother regardless of father's income as it was for the child/ren and last time I looked, my DCs were earning zero.

they really are targetting the benefits and services of women and children aren't they? bastards.

dueling fanjo - yes CB has somthing to do with womens NI - wish someone could explain it fully . Tried to explain it to my MIl but failed [embarrassed]

The HRP aspect has already been altered if you check the Direct Gov website. Once your youngest hits 12, there is no more HRP. That started in April this year (thanks Gordon).

I don't see how they can withdraw this from the person that claims if that person has no income, even if their partner is higher rate. As we have independent taxation, they cannot know (I presume) who is married to whom, unless they go by address, if no benefits other than CB are claimed. I also assume that that would break internal data protection? Big can of worms opening here.

Same here - dh is the higher rate taxpayer butI have always claimed CB. It was always my money, my contribution - when I wasn't working, when on mat leave and it's great because everybody gets it and everybody relys it as being there. NOw there will be a new system which will be expensive to run and complicated and nobody will rely on anything because the thresholds will shift and this beautifully simple benefit which supported the raising of children and the parent taking time to do that will be immersed in a marsh of red tape and acrimony.

Bloody outstanding from the Tories I think

Oh great, DP earns just over this just now and we have four children, Child Benefit of £225 a month.

We need that money it pays for the childrens clothes and school activities.

44K is not a lot of money especially if you are in the South East.

So not only are you taxed at a higher rate after 37K you are also losing Child Benefit and Tax Credits remember?

Avantia we are in almost the same position. I can't imagine it being not on household income tbh although the higher rate tax being bandied about wouldn't suggest that.

Avantia, then you won't get CB after 2013. Tax credits are paid to me and so is CB but I don't work, but because DP earns more than £40k I won't get tax credits next year, nor will I get CB from 2013.

What a lovely way to start the week. Yet another way that the Tory cuts are hitting women hardest :(

They're talking about it again now... BBC

Ah dh just heard on r4. What a load of shit!

Riven, the tax band limit rises every year with inflation anyway, so he is just assuming that's what it'll be by 2013.

"Around 15% of families - 1.2m people - will be affected by the reform." (also from News

I wish I had time to search for the statistics this may be based on so we could then work out exactly what's going on.

Never had tax credits etc - this is the only 'benefit' I have ever had