Child benefit

[chuffachuffchuff]

Hi, not sure if this is the right place to post or not. My husband is due a pay rise. This might take him just over £50,000/ year before tax. What do I need to do about the child benefit? Do we just lose it now? Thank you

If only just over £50k, it should be worthwhile still receiving it. It is the taxable salary on his P60 that the £50k figure is based on.

Your husband will have to complete a Self Assessment though, in order to pay back anything owed.

What is the actual taxable income after pensions removed at source etc?

Between £50 and £60k it's still worth claiming as it's a proportion you pay back I.e. you pay back 10% per extra £1000 over £50k and once you reach £60k it all gets paid back

Yes but it really is important to stress that the magic £50k and £60k numbers refer to your adjusted NET income. Not your gross income.

@Combusting I think before tax it will be £50,500. Literally just over. Not 100% sure on exact figure.

Okay so thats not your adjusted net income then. How do your pension contributions go out? What's the net income?

Pension goes out through work. After tax and pension take home
Pay with be less than £50k

I thought it was gross minus pension? I hope you're right though!

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

Use this.
If his adjusted income is greater than £50k, he will need to register for Self assessment after the end of the tax year in which the income was earned.

At £50.5k, his salary for CB purposes will be well below £50k so he doesn't need to do anything.

You'd still get some CB until he's on £60k after pension contributions, which would be a gross salary of up to around £63/5k depending on the amount he pays into his pension, so he just needs to keep an eye on future pay rises and do self assessment if the time comes.

That's assuming he doesn't have a company car or other taxable benefit that adjusts his salary upwards for these purposes of course.

Yes. “Gross minus pension” is not “gross”.