Sarah Purcell
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RE: Calculating Net Adjusted Income for Child Benefit High Income Tax Charge
I have a similar query to the above. If on paper a salary is £51000 or thereabouts, but the starred figure on a P45 for tax year 21-22 is c.£49000 - does that mean there is no requirement to submit a self assessment form in relation to the child benefit charge? I'm reading the replies above and it sounds like the starred figure takes into account pension contributions and is the the figure the HMRC requires, therefore we are not liable to pay a CB charge, and do not need to complete a self assessment. Is this correct? Many thanks.