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Salary sacrifice and child benefit

85 replies

mike1May · 05/10/2010 18:48

Not sure if this is the right place to post this.

Anyway, with the salary sacrifice schemes that exist, is it possible to sacrifice enough of your salary to still be able to get the child benefit?
For example, if I earn £200 over the higher-rate tax threshold, could I sacrifice this as part of a cycle-to-work scheme, childcare voucher scheme or whatever and then be able to still get child benefit?

Sacrificing that £200 could be worth thousands.

OP posts:
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zombishambles · 19/10/2010 21:17

no they wont rollmops, they really wont. Studies have already shown that the poor will suffer disproportionately, as will women.

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Rollmops · 19/10/2010 21:04

The poorest of poor, as you put it, will still get the support they need. The middle classes will bear the most of the cuts.
Please, do try to comprehend, just a little.

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limonejelly · 19/10/2010 20:00
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ISNT · 19/10/2010 19:59

Fuck this I'm going to bed. Tomorrow is going to be awful. Well for me anyway, others will be strewing roses from their hats as the govt metaphorically stamps on the heads of the poorest children in society. Do have fun.

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ISNT · 19/10/2010 19:51

I find it incredible that anyone can be blase about so many people dying young, about the higher mortality in pregnancy, about the higher infant mortality, about the shocking life outcomes of children raised in poverty.

But then tories don't care about minor things like that, do they.

Well happily after tomorrow we might see families on the streets and struggling to feed their children, that will be a resounding result for people like you across the country. Let's get the bunting out early eh.

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ISNT · 19/10/2010 19:47

I'm not flouncing.

If you think that it is acceptable that some areas of deprivation have a life expectancy 10 years+ lower than other areas, then that is fine. You are clear where you stand, I am clear where I stand.

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Rollmops · 19/10/2010 19:18

Oh please. Please don't flounce about with your 'relative' powerty.
You either are desperately poor or you are not.
Basic needs such as food, water, shelter, cothing and education are given to all in this country.
What some choose to do with their benefit money - spend it on booze/drugs/etc and concequently lower their life expectancy - is not taxpayers fault.

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ISNT · 19/10/2010 17:40

People who are in poverty in this country don't tend to die of starvation. There are different risk factors, which result in people in the most deprived areas having a life expectancy a full 10yr+ lower than those in the wealthiest areas. To pretend that no-one is in poverty because we don't have people starving on the street is just silly.

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Rollmops · 19/10/2010 16:19

"And [SHOUTING NOW] the poor STILL won't get the bloody money, will they Gideon?"
Well, the poor get enough (how many people starve to death in this country?[hmm), they do get their benefits, some much, much more than they deserve.
The 'money' is needed to pay off the black hole of deficit that Labour, ever so generously, gifted this country with.

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zombishambles · 19/10/2010 15:52

so we can both claim for dd - upto the mount of the nursery fees iyswim - shes only there parttime. I should get on with that then...I thought only one set could be used per dc.

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fsmail · 19/10/2010 13:48

You can both take up to £243 per annum no matter how many children you have.

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zombishambles · 19/10/2010 13:37

Mine locks you in for a year. Though dh can take some out as well cant he or can you only use one lot per child

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fsmail · 19/10/2010 13:36

You can do it anytime if your company allows.

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zombishambles · 19/10/2010 13:05

So I need to swap them from me to dh- you can only do that at the end of the year anyway though cant you which presumably will be after the cutoff? childcare vouchers confuse me...though am hiding it well I know Blush

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fsmail · 19/10/2010 13:03

Higher rate tax payers will not get 40% tax relief unless they take them out before April 2011.

www.moneysavingexpert.com/news/health/2009/12/government-shelves-plans-to-scrap-childcare-voucher-tax-relief

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zombishambles · 19/10/2010 12:58

Whats the restriction on the vouchers from April fsmail?

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fsmail · 19/10/2010 12:35

You can also buy extra holidays if your Company will allow it. Pension contributions do not have to be reduced by salary sacrifice to reduce your taxable income.

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fsmail · 19/10/2010 12:34

Salary sacrifice means that you are giving up your salary and reducing it for tax purposes so if it brings your DH below the higher rate tax bracket this will work. However, higher rate tax payers will be restricted on childcare vouchers from April so need to do it before 2013. They can be stored up to pay for holiday clubs though. I intend to increase my pension contributions as I am just over the threshold.

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legostuckinmyhoover · 18/10/2010 18:55

does anyone know about pension contributions and teachers or NHS staff in relation to tax credits? ie: do tax credits ignore what they contribute to their pensions? or is just if you pay into private pensions? just wondered as i have never heard of any of the things on this thread ever before! thanks

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bethanbach · 17/10/2010 20:29

Aren't they lowering the Higher tax threshold to 38K anyway so unfortunately OP, you will still lose CB

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lucky1979 · 17/10/2010 18:24

Retiredgoth2 - If you don't work those extra 7.5 hours, would your company have to hire someone else to do it? If so you can feel virtuous about getting someone else into part time work. :)

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sarah293 · 17/10/2010 17:20

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sarah293 · 17/10/2010 17:19

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2shoeprintsintheblood · 17/10/2010 17:19

i wonder if the people on this thread who think the op is ok, are the same one who slag of benefit cheats

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sarah293 · 17/10/2010 17:19

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