Calculating Net Adjusted Income for Child Benefit High Income Tax Charge

We opted out of child benefit in 2023/24 for one of our two children to reduce the HICBC... We receive just 1x child: £102.40/4wks As the rules changed for 2024/25 from 60k to 80k with a 0.5% reduction per 1k... Based on earnings for 2024/25, the calculation is: The child benefit received is £2,212.60. Tax charge to pay: The estimated tax charge to pay is £885.00. So that's £2212.60 - £885 = £1327.60 benefit kept The child benefit currently received will be 102.40 x 13 payments=£1331.20 I assume in keeping just the one child benefit going, we will only owe 1331.20-1327.60=£3.60' I assume that's all correct?

Hi Mattia,
If the pension contributions are deducted from your pay before the tax is calculated, then the figure will be your taxable pay which should be your gross pay minus the pension contributions.
Thank you.