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Child benefit 23/24

5 replies

herewego9 · 01/05/2024 13:38

Hi there, any help on this is appreciated because I'm struggling to work it out.
For 23/24 I earned £50994 in eligible income as per my P60, so £994 over the child benefit threshold. Does anyone know what I owe?.

OP posts:
Overthebow · 01/05/2024 13:41

It’s 10% for each £10k over for 23/24, so you’ll pay roughly 10% of what you received back.

herewego9 · 01/05/2024 14:03

Per 1k do you mean? If so, that's great thanks!

OP posts:
Overthebow · 01/05/2024 15:02

herewego9 · 01/05/2024 14:03

Per 1k do you mean? If so, that's great thanks!

Each £1k yes sorry!

stopringingme · 01/05/2024 15:07

@herewego9

If you go on the gov website and search for the child benefit calculator for higher earners it will give you a figure.

herewego9 · 01/05/2024 15:12

Thanks all, much appreciated.

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