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Posted Wed, 17 May 2023 20:31:34 GMT by Mdc01am
Hi, Advice needed for family member. He is self-employed sole trader and his earning for previous tax 2022-2023 year was in region of £58,000. He is in receipt of child benefits for 2 children. However he paid into his private SIPP pension £10,000 in that same tax year. Will his net adjusted income be £48,000 so he does not have to pay back any of the child benefits he has received? He is trying to find out if Private pensions payments like SIPP will adjust ones net income on which any child benefit repayment is based on. Or whether the repayment of child tax benefit will be based on his £58,000 earnings
Posted Wed, 24 May 2023 13:04:38 GMT by HMRC Admin 5
Hi,

If the contributions are not taken from your family member's wage before tax, they will be able to deduct them from the salary figure.

Thank you.

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