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.

Hi
For the 2024/25 tax year the HICBC threshold has increased to £60K & then 1% deduction for every £200 above this up to £80K when all child benefit due to be paid back Income Tax: Increasing the High Income Child Benefit Charge threshold

Hi thanks in advance for this, my Gross income is £61,500 and I make pension contributions of £2,500 a year. Following the increase would I owe the higher child benefit tax charge and be paying back the child benefit this year? It’s been calculated in my Personal tax Account for next year I owe 100% of the child benefit for 2024-2025 but I thought I’d be exempt this year following the increase of allowance from £50,000 to £60,000 to £60,000-£80,0000.

Hi Josh, 
You are correct - in 24/25, the threshold for beginning to repay HICBC is £60,000.
Your pension contributions will take your Adjusted Net Income below this figure, so no repayment of HICBC will be due.
Thank you.