Simon Smith
Joined: 3/28/2024
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Re. High income benefit charge - Self Assessment required if high earner earns less than £50k?
I have never completed a Self Assessment previously but have recently have registered for Self Assessment as I receive Child Benefit and usually earn over £50k so will need to pay a high income benefit charge. However, in this first year (Apr '23 - Mar '24) my income is below £50k. Do I still need to complete the Self Assessment, or can I just leave it until next year when my income should be over £50k?