Kenny
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PAYE Deduction for Child Benefit - checking calculation
I'm a Scottish higher-rate tax payer (>£60k), with one child who's still in full-time education. Last year I received £1133 of Child Benefit, which is usually clawed back through my tax code. However, I can't figure out how this is calculated: my code is S794L, which shows only one Deduction of £4,940 off my Personal Allowance - presumably to claw back that £1133; but how is that calculated?