Robbi
Joined: 9/14/2024
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Child Benefit High Income tax
Hi All, please can you someone explain why I'm paying more tax back then what has been given regarding child benefit. - Earned 61k - Received Child Benefit of £2074 - No over/under paid tax. - No additional pension etc. paid - Med Insurance £722 - Single employment - Married, 2 kids I thought it was supposed to be 10% of every 1000 earned over 50k so I estimated it would be £500 or something like this. Yet my calculation is £2098. Even if I fill out the free online HMRC calculator it reports £2000+ to be paid.