Child benefit

[rainydogday]

My son is 17 and has one year left in education. I will have a small pay rise in April which will take my earnings before tax just over £60k by about £400. Do I cancel the child benefit or I have read somewhere that you will still get some as just I am just over the threshold? It’s so confusing! I just don’t want to end up with a big bill to pay back. Advise gratefully recieved

Can you reduce earnings by upping pension contributions?

You pay back 1% for every £200 over the threshold of £60k so you would be paying back only 2% anyway. But agree that the best thing to do would be to ensure you pay pension contributions of at least £400 and you then won’t repay anything

Triple post sorry!

Triple post sorry!

Check what counts as income e.g. pension contributions are deducted but savings interest would be added. As your salary would only just be over then you should get most of it so definitely worth continuing to claim and receive the money.

Its worth claiming until salary reaches £80K as thats when you pay back the full amount