Child Benefit

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I have two children and have claimed child benefit since they were born. After a pay rise part way through the financial year this year, I have just tipped over the £50k limit. I know I will now have to fill in a self assessment once I've worked out which amount to put where on the form. I have a teacher (pre tax) pension and when I looked at the form I wasn't sure where it went. I also did some exam board marking which adds to the total and I need to find a proper statement of those earnings, so I'm not quite ready to fill it in yet. I also understand that it's a sliding scale.

Does anyone know with a £52k ish income how much I'm looking at repaying? I think the cb received was about £142 per month.

Approx 20%

It's 10% for every £1k over £50k and then once you reach £60k it all gets paid back.

Do you pay into a pension? You can deduct this. So this will bring you below £50k?

I do pay into a pension through the teacher pension scheme, and it comes out of my pay before tax. I don't make any additional payments from my take home pay. I think they come to quite a bit though and would certainly bring it to under 50. That could be good news. Thanks

Would you not have to make additional pension payments to reduce your pay to under £50k?

Its deffo earnings after pension deductions so you should be fine so some time yet.

If you pay into the teachers pension, you will be okay for now if you're just over £50k. Look at what your pension contributions reduce your pay by.

So, I've had a look and 50,500 was my total pay before tax, 1,100 was the same for the exam board, and pension contributions were 5000 for the year. So that makes the fial figure 46,600 which is under 50,000 so no worries, is that right?

Sounds about right. Nothing to worry about

www.gov.uk/child-benefit-tax-calculator

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