NoviceDad
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Does Child Benefit received count towards Adjusted Net Income for Tax-Free-Childcare?
Due to a good year and promotion, this is the first year that I am fortunate enough to have earned more than £80,000 and will need to pay back the Child Benefit via the High Income Child Benefit Charge. With regard to the Tax-Free Childcare and 30 hours free childcare, for the purpose of calculating if I am under the £100,000 threshold, do I include the Child Benefit received or not? 6th April 2024 –5 April 2025 Salary £98,000 Child Benefit (three children) £3,094 Is my Adjusted Net Income £98,000 or £101,094? I am worried about loosing a significant amount of Tax Free Childcare and 30 Free Hours.