High Income Child Benefit payback

Hi, For year 23/24 I was employed and earned £54,411 and I was the highest earner in the family, my partner earned less than 10k for the year. My partner received child benefit for 2 children, I went on the gov website to estimate how much child benefit I would have to pay back and it came out with £912. I have just started to fill out a self assessment online and its calculated that I owe £1368, the only extra figure that I have included in the self assessment is that I earned £410 from interest earned on savings which is the below the £500 allowance. The calculations are below: Pay from all employments £54,411.00 Interest from UK banks, building societies and securities etc £410.00 Total income received £54,821.00 minus Personal Allowance £12,570.00 Total income on which tax is due £42,251.00 Basic rate £37,713.00 x 20% £7,542.60 Higher rate £4,128.00 x 40% £1,651.20 Income Tax due after allowances and reliefs £9,193.80 Tax due on Gift Aid payments £13.00 x 20% £2.00 minus Capital Gains Tax £0.00 minus Remittance basis charge for non-domiciles £0.00 minus Income tax £9,193.80 Gift Aid tax charge £0.00 plus High Income Child Benefit Charge £995.00 Income Tax due £10,188.80 minus Tax deducted From all employments, UK pensions and state benefits £8,820.80 Total tax deducted £8,820.80 Total Income Tax due £1,368.00

Hi,

As we would need to review you record to check this you will need to contact our Self Assessment team.

Self Assessment: general enquiries

Thank you.