Child benefit

[sofaandchoc]

We (I) receive child benefit. We both earn under £50k so no tax charge to pay.

DH has just started a new job paying 60k, so potentially for 2019/20 tax year there may be a tax charge for child benefit (or perhaps not, haven't done the figures and I believe we deduct pension contributions but I suspect we will have to pay some back).

For the next tax year his earnings are 60k but if pension contributions are deducted we may not have to pay the full child benefit tax.

Does anyone have experience of how the tax charge is deducted? Will they adjust his tax code so we can still receive it or will we have to pay a lump sum tax charge every year (in which case I'll just ask to stop receiving it)

IME your DH will have to do a self assessment and repay anything owed that way.

Yes PP is right it’s done via self assessment , we still receive child benefit and just put it straight into an isa each month ready to pay back what we owe

When DH was on under £60k I put the CB into savings. When DH did his self assessment it calculated how much he needed to pay and we paid it from the amount saved. We stopped claiming last year as he has gone over the threshold even after pension and charity contributions.

I do a self assessment tax form then my tax code is adjusted to claim back what we owe. I know we could just stop receiving the CB payments but then there would be a year of ‘double whammy’ where we’re not receiving the CB but I’m still paying last year’s CB back via tax code and we can’t afford that!