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Posted Wed, 07 Sep 2022 07:52:26 GMT by Northerndogfriend
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
Posted Fri, 09 Sep 2022 16:43:15 GMT by
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. 


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