We have 3 children and DH earns £42,400 which, I think, is right on the edge of the 40% tax bracket. I presume when the child benefit changes come into force we will lose £187 a month? His salary looks loads on paper, but when paying hundreds each month on train fares, I suppose now he would be better off financially earning less and working closer to home (if there were any jobs).
Does anyone know when this happens-is in 2012 or 2013?