Hi there
I'm wondering and need some help. I currently earn between 45-50K (below 50K) and my dh is self-employed (so the last tax, he 'earned' under £10k). Child benefit gets paid into our joint account.
I'm now possibly in line for a promotion (great!) and have looked at the payscales. Basically if i get 2 increments (entirely possible), I'll hit the 50K mark. I recall that they start putting our child benefit down after 50K but I still claim the childcare vouchers at £243/month (as my kids are 5 and 3 and the 3 year old costs £800/month in nursery fees!, not to mention the 5 year old has afterschool club to pay for).
My question is: does the 50K limit kick in on my entire pay, or does it take into account the fact that I claim the vouchers and therefore I really should earn say, £53K before the child benefit gets reduced?
TIA.