I've been claiming child benefit over last 3 years when earing over £50,000

[francis15]

To cut a long story short I’ve been earning over £50,000 The last 3 years but I never knew about the child benefit needing to stop.I’m not making excuses I just wasn’t wise to this.I realised this when a friend mentioned it and I went straight online to fill my self assessment in but I’m worried sick.I really am.How much will I be likely to be fined for this.I’ve looked at some websites and it could be £6,000-£8,000 according to some.Has ANYBODY been in this situation?
My last tax year I earned £64000
Previous was £52000
And previous to that was £52000.
I was below £50000 before that.
PS I'm NOT trying to worm my way out of this I just want to know what the outcome will be regarding fines etc

Bugger - I'm in the same (worse) position OP.

Household income well over the threshold.

Just had no bloody idea until I saw this thread - no excuse.

So I'm facing full payback (one child) since 2013 .

I've already done my self assessment for this year so I'm going to contact my accountant tomorrow and see what to do next.

Stealing myself for a large bill

Hmmm... I have just seen this too. I am self employed and so my salary is low and I pay myself with dividends which then takes me over £50,000.

So I’m not sure if I should be claiming CB or paying it all back?

This has been a really useful thread. I’ve just (in Nov 2017) had a salary increase to £60k and while I knew about the self assessment for over £50k, I didn’t realise that at £60k you have to pay it all back. We’re opting out now and I’ll register for a self-assessment form for this tax year. Does anyone know if I’ll have to pay back the full amount or just the months claimed while over the top threshold? My salary has jumped several times over the last year, and it’s the P60 amount not gross, right?

If it has only recently increased your annual earnings for 2017-18 will be below 60k less pension etc so you would only be liable to repay a proportion.

Darth how did you miss it on the SA? It's one of the questions; did you not think to check? Personally I think it's poorly worded along the lines of 'were you eligible to claim child benefit or someone else living with you'

My mistake it's worded differently:

busted the maximum is only £159.55 i think anyway.

Yes I think that's full (or near full) state pension busted.

I would be grateful if someone could give some advice on child benefit .The financial year ending March 2018 my husband has earned just over £60.000 due to his bonus (I am a stay home Mum).We worked out on the HRMC calculator that we owe back around £800 child benefit.Reading this thread I would like to know how much we could overpay in his pension to take us down the child benefit threshold as I would rather put this money in the pension pot. This is what is on the P60 and the March 2018 Payslip.
P60 ; Pay £60.485.96 tax deducted 12866.40
March 2018 Payslip ; Gross Pay £60.485.96
Tax £12.866.40
NI EES £4730.44
NI ERS £7220.41
Pension EES £ 901.58
Pension ERS £1127.00
Bonus £12.254.00
Salary £48.048.99
Sick Pay£ 182.97

diverfever99 If your husband has an accountant who knows anything about tax (which isn't necessarily the case!) they should tell your husband to put an amount into his pension to offset the extra income.

The 2018 financial year is over and so no options there.

You may be able to do that for this year.

In the case of a working (and high earning) H and non working W, it is worth the mother claiming (at a rate of zero) rather than cancelling the claim.

Being in receipt of CB means the year counts towards NI contributions for state pension purposes.

(of course the sexes are just examples,)

In the case of a working (and high earning) H and non working W, it is worth the mother claiming (at a rate of zero) rather than cancelling the claim.

Being in receipt of CB means the year counts towards NI contributions for state pension purposes.

(of course the sexes are just examples,)