Child Benefit - High Income Tax Charge and P60 for adjusted net income

Hello, I have two questions about the High Income Child Benefit Tax Charge please. Last financial year (2021/2) I was in receipt in of child benefit and was earning below the threshold for part of the year and above it for the rest.  My questions are: 1. Is the tax charge only applicable if total annual adjusted net income is above £50,000? I.e. even if I earned £50,000 for part of the tax year, that doesn't mean the tax charge is applicable if my total annual adjusted net income is below £50,000 for the entire year?  2. Secondly and more importantly, can I use my p60 to work out my adjusted net income? The figure under "pay and income tax details" "total for the year" is below the threshold so if I can use that figure I assume I do not have to pay the charge. I had no other income outside of that.   Thank you

Hi Northerndogfriend,

The  High Income Child Benefit charge would only be applied if your income for the full tax year was above £50,000.

You can use the p60 figure.

However, please note if you have any employment benefits, such as a company car or medical insurance, these would not be included on the p60 figure and would need to be added on.

Thank you.