Do I have to pay back any child benefit

[ToddlerMumma]

Online advice is confusing me…

My gross salary is over the threshold of £60k but my net (after tax) is below £60k so… do I owe any child benefit back? Or is it based on my net pay?

If I remember correctly it’s net pay

I completed my self assessment last week (purely done for the higher income child benefit) and I submitted the gross figure, present on my P60

The self-assessment system gives you a calculation that takes into account your tax payments and also any other deductibles such as payments to private pensions (not workplace pensions automatically deducted from your salary).

Depending on how much you earn above the £60k threshold, it may still be worthwhile claiming child benefit. For me, it's not and we cancelled our claim part-way through the tax year. This will be our final self-assessment, thankfully.

It’s gross pay after Pension deductions.

The adjusted net income for CB purposes is not the same as net take home pay after tax, NI, student loan repayments etc.

There's a calculator on the HMRC website that asks you all the necessary questions to work it out for you.

You have to pay back 1% of your child benefit for every £200 that your net adjusted income is above £60k. NAI is your total gross income less things like 1.25 x (net payments to SiPP or personal pensions + charitable donations) You can work out your net adjusted income at taxgrid.co.uk

Thanks! Does that include pensions taken automatically on your pay slip that you deduct? From reading I thought it did but note that @PersephonesPomegranate states that these are not included.
and when we put all info into the calculator it seemed to ignore the pension payments made in the calculation which wasn’t at all what we were expecting having read online.
the tax grid website also seems to suggest that it should deduct normal workplace pension payments…

It’s the taxable gross pay figure on your P60

Pension contributions from your employer are not included. Pension deducted via a salary sacrifice or via a net pay agreement are not included in calculating your NAI. Pension contributions you make from after tax income are included (relief at source). After tax payments can be made via your employment to a personal pension or they can be made directly by yourself to a SIPP. Hope that helps.

What figures are you working with - let's double check them?

Thank you everyone. I filled out a self assessment tax form and owe back a few hundred ££. Appreciate the advice

Thank you!
No ‘taxable gross pay figure’ specifically stated on P60…
P60 just states the Pay and tax deducted as well as student loan contributions…
which figures would I need to give you to work it out?
thank you in advance for any help!

You also need to know what your tax code is, how much your total pension contributions are, and if you have any taxable benefits like a company car or private health insurance. The easiest way to work out if you need to pay anything back is to use the calculator on the HMRC website as it asks all the relevant questions.