High Income Child Benefit Charge

[ASB]

Trying to figure this out.

I realise it is on a sliding scale from 50k to 60k; at 55k the higher earner has to repay 50% of the CB received, at 60k or over 100% of it.

But, stuffed if I can find out if it pro rated or not.

Partner gets 20.50/wk for her son = 1066 /pa.

I moved in last September.

So, if I am earning 55k do I have to repay 50% of 1066

Or do I get to pro rate it so it is 20.50 x 28 weeks x 50%.

It seems to me that given I am likely over 60k then I shall be paying more back than she received if it is the former.

Seems somewhat unfair, but c'est la vie.

[Kenny@MyAccountantFriend]

You pay back 1% of what you receive for every £100 earned over 50,000.

As such if you earn 60,000 you have 100% to repay.

[ASB]

You pay back 1% of what you receive for every £100 earned over 50,000.

As such if you earn 60,000 you have 100% to repay.

Cheers Kenny, I understand that, That is not the issue. It is the duration that is the issue.

For this tax year (which is the one I will be dealing with next when it ends).

My partner has received 52 x 20.50 = 1066.

At 60k I have the privilege in paying an extra £1,066 in tax via my SATR.

However, I moved in in September. I will have been resident 28 mondays at the end of this tax year.

So do I have to still pay £1,066 (bah humbug unfair moan and whinge)

Or do I have to pay 28 x 20.50. i.e. 100% of what she received during the time I was resident.

This is what I can find no useful information on.

(If it is the former that's a right pain, imagine somebody moving in with a partner in march).

[Kenny@MyAccountantFriend]

Ahh ok. Will be from the day you moved in till the end of the tax year.

See link below regarding changing circumstances in the year.

https://www.gov.uk/child-benefit-tax...stances-change

[ASB]

Magic, thanks. Missed that when I went through that.