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Higher rate child benefit - confused

8 replies

Trampolineissues · 14/03/2025 21:38

Hi
we have three children that we claim child benefit for. I have been offered a job that starts in April earning 73000 approx.
pension will be 11.6% deduction which I think means I’d take that into account for the higher rate so be looking at approx 65000 annual. Is that right?
and does it take student loan in to account too? I’m on plan 1 so pay 9% of what I earn per year. I can’t find a clear answer on either online and don’t want to end up in trouble with HMRC!

OP posts:
ShhhhhItsASurprise · 14/03/2025 21:43

Student loan isn’t a deduction.

You’ll pay back 25.% of the CB.

Trampolineissues · 14/03/2025 21:44

Is your pension deductible?

OP posts:
1wer · 15/03/2025 07:59

Yes pension is.

TheOneWithUnagi · 15/03/2025 08:26

If you receive any other benefits (eg car, private health, bonus etc). These will be added on as well.

Trampolineissues · 15/03/2025 09:55

Thank you. Just checking I’ve understood correctly - if I decide to continue claiming it, I claim it all year then declare it at the end of the year? Than pre-emptively?

OP posts:
Yoyooo · 15/03/2025 09:55

Is pension the only deductible?

ShhhhhItsASurprise · 15/03/2025 10:05

Trampolineissues · 15/03/2025 09:55

Thank you. Just checking I’ve understood correctly - if I decide to continue claiming it, I claim it all year then declare it at the end of the year? Than pre-emptively?

yes.

Trampolineissues · 15/03/2025 10:26

Yes pension is the only deductible I think

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