Child benefit, earning over £50K & self assessment

[Hotyogahotchoc]

Can anyone explain how this works and what you need to do if you earn over £50K please?

[quote Hotyogahotchoc]@Newnormal99 dire that mean you just pay it later?

@fromdownwest I see what you mean. I could pay more into pension and maybe keep more of the CB

If it makes a difference my salary was under £50K and then went up to £55K just as I started mat leave

So I am thinking I definitely haven't earned even £50K this year with reduced maternity pay[/quote]
Yes. So if you owe £1000 they adjust your tax code to claim the money evenly over the year.

I got caught out in the first year for about £1800 and have made sure it's in December every year since. This year was pushing it at 31st but I made it!

Thank you. That is very helpful.

I have only had this salary and CB since this financial year is I will need the P60 I get this coming May and then have until January 2022 to do the return I think?!

And I could rejig my pension before then ie pay in more...