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Posted Sat, 14 Sep 2024 11:17:19 GMT by Robbi
Hi All, please can you someone explain why I'm paying more tax back then what has been given regarding child benefit. - Earned 61k - Received Child Benefit of £2074 - No over/under paid tax. - No additional pension etc. paid - Med Insurance £722 - Single employment - Married, 2 kids I thought it was supposed to be 10% of every 1000 earned over 50k so I estimated it would be £500 or something like this. Yet my calculation is £2098. Even if I fill out the free online HMRC calculator it reports £2000+ to be paid.
Posted Tue, 24 Sep 2024 10:48:46 GMT by HMRC Admin 21 Response
Hi Robbi,
We will need to access your record to review this for yout, please contact: Self Assessment: general enquiries.
Thank you.
Posted Tue, 24 Sep 2024 16:24:29 GMT by Clive Smaldon
Not HMRC...is this 23/24 ? If so, the band for repaying child benefit is £50k-£60k, everyone who earns over £60k (you do) pays back every penny of child benefit, for 24/25 the band is £60k-£80k

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