Child benefit tax self employed higher rate tax payer

[cara345]

Sorry if this is simple to some but I'm going round in circles - figures are not my forte! I get confused with gross and net :(

Say I earned 65000 self employment profit, post expenses and before any tax.

I'm trying to get this down to £50,000 to avoid the Child benefit tax but also i need to seriously work on my private pension as I started late. I don't think you deduct your personal allowance when working out CB tax but correct me if I'm wrong.

So is the solution to do this £15000 of my own money or do you deduct that as a gross amount, so therefore I'd need to pay in £11250 and the grossed up amount would be £15000.

I'm also looking at the benefit of the extra tax relief, but never being a higher rate tax payer before not sure if I understand this right that I'd get an additional 20% relief on the gross amount of £15000 from the workings I've seen online which would be another £3000. If I'm right is this payed into the private pension or offset on my tax bill.

Thanks!

Anyone?

You deduct the gross amount, so only need to pay the net to your pension.

For the additional tax relief, you'd need to contact HMRC or do a tax return. You should get a refund and they may adjust your PAYE code going forward.

Thank you. Though so was getting confused! I'm sole trader so do tax return and no PAYE

Sorry, I missed the self employment bit.

www.gov.uk/child-benefit-tax-calculator this might help?

@Chasingsquirrels yes that's where I started. It wasn't clear (to me!) If I should use gross or net pension payments but I've got it now. Thanks for your help!