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!

The thing with it being on one income is it does protect the low income workers like me.

My peanut wages would bring us just over so I'd have to give up work. It would be pointless working for nothing which in effect loosing CB would cause. This would be a blow as my old higher paying career is on the rocks due to having the dc.

This is why I think the 40% bracket stinks as yes it's unfair 2 incomes keep it but on the other hand those of us on tiny wages want to be able to work.

If it was on 50% it wouldn't be an issue.

"If it is to go, then universal benefits for pensioners (other than the basic pension) should also be means-tested."

I would imagine these are the next thing to be announced.

Roll on 2015.

Ponders. You don't necessarily have to complete a tax return if you are a higher rate tax payer. It changed a few years ago. So either it will have to be reintroduced - expense. Or they will have to rely on honesty.

Lilybolero - you're right. The current proposal is badly thought out, but it would be appropriate to have a different threshold for two working parents, due to the lack of government support for childcare. But I guess not double - even £10k higher for household income would be better. I don't get why they don't just tax it as that would reduce some of the problems.

Its also truly dreadful for working lone parents. But I guess the conservatives don't care about them.

I can't see how the proposal will survive in its current form.

I think the universal credit will most likely affect pensioners as well.

Certainly, my aprents don;t ecxpect a heating fuel allowance this eyar and theya re not on a large income at all; dad works part time and their pensions vanished under a legal loophole.

oh really, grumpypants? I was making a sweeping assumption (as usual ) based this on the fact that DH did get one as long he was on higher rate (he had a company car at the time & that made the difference IIRC)

His affairs were incredibly simple, he probably could have asked to stop doing it but most years he ended up with a small rebate for one reason or another - eg higher rate relief on pension contributions/charity donations - so it seemed worth doing.

I'm probably wrong (as usual )

You know I dont think this will asurvive either

I think its not meant to

I think by hitting almsot every household they are trying to bury the mess that is universal credit

Can not believe that this is being done against higher rate tax codes rather than means tested.

I'm not against losing my Child Benefit IF EVERYONE is having to take a hit some how with spending cuts, however this is just such an unfair method of calculating who loses it.

Single parent on £44k loses benefit.
Family where one parent is on 44k lose benefit.
Family where both parents earn just below higher tax rate threshold ie £43k each = £86k in total, keep benefit.

How is this fair?! It is astoundingly unbelievable!!

Mila, and that is the reason it is fair to only apply it to HRT earners not household income. I cannot understand why women living off their partners income therefore not working can be up in arms about it. If it makes you short and you really need the money go out and earn it.

Because abouteve not everybody can.

That simple.

People can't find cvhildcare around shifts, or have caring roles, or are sick themselves.

If only the world was as yous w it. That would be nice.

Im just curious how much money will be saved by scrapping the CB? i think i heard GO say 1bn a year ? so how much is it going to cost when the ,say , 1 million people lose their jobs in the up coming cuts ,both public and private ( RBS slashing thousands of jobs ,other banks too i imagine ) and start claiming benefits . If we do a quick sum ,i imagine not a great deal will be saved . Given that there are mutterings about the double dip recession coming round to bite us in the bum soemtime soon and other mutterings about the banks needing a top up ,up to £50bn mark , i think this will be just a way of getting rid of benefits ,that many actually need

to Ponders.
The problem then is that only HR tax payers completing tax returns will definitely lose the Child Benefit. How would you find out from other people without meanstesting or questionning all those in receipt currently?
If A is claiming it now, and B (partner) is a HR tax payer, who is going to ask A or B about their affairs?

Presumably employees will need to disclose the information to their employers, who will administer it through tax codes/PAYE (meanwhile rubbing their hands in glee as employees on £45,000 all request pay cuts).

For those who are self-employed on the other hand there are probably numerous ways to avoid it.

Lily - jesus that's hard luck :( So the Tories want more chav brats to be born and receive their benefits but middle class children? We must put a lid on them.

Is everyone who isn;t middle class a chav then?

Actually, if this was fair, I might be able to get over it. As for abouteve I can't even begin to address your 'question'.

Feel - your charming post re chav brats proves my point made earlier on that cutting CB will result in vitriol against those who are even worse off than those on 44K a year.

abouteve - "living off their partners income"?
Some families have a household income.

I am a chav Sancti - I am as common as muck.

Above the CB threshold so according to everyone this must mean i am middle class

Getorf, I'm afraid your point has been proved several times already on this thread and I'm sure there is plenty more to come.

so allabouteve -(great film btw) - while I am at home caring for pre-school children, cooking and cleaning etc. I am a 'sponger' - but if I went to work and employed a nanny, cleaner and cook - I would not be a sponger - ok glad to get that cleared up cheers.

abouteve - Are you Xenia's sister?

It's not difficult to earn £40 a week doing a night job, work a weekend shift etc. Health permitting, of course.

I wish they wouldn't harp on about couples earning £86,000, this is not the income of an average family.

I'm rather scepticle about this. I reckon they we sneak it back to theses HRT payers. It doesn't make sense for a conservative government to do this, labour yes. I'm suspicious it's just to make them look fair.