L Private
Joined: 3/14/2024
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RE: Income over 50K in Jan 2023 for Child benefit charge?
I’m in a similar situation also looking for an answer. My income is around £53k in total for the tax year 2023-4, but when I deduct pension contributions it’s just under £50k, so do I need to complete a self-assessment? On your question about income between Jan to April 2024 - this counts as the tax year 2023-2024 so will come under the rules in place for the 2023-2024 tax year. Tax years run from 6 April to 5 April. Your P60 will show the figures for the tax year (6 April to 5 April), not the calendar year (1 January to 31 December).