Tax to repay - Child Benefit
Discussion
oyster said:
JustAnotherLogin said:
So all bases seem to be covered. Apart from people in the top 2 deciles of uk inome whingeing about not receiving a benefit designed to ensure children could be fed and weren't forced to work
Not quite all bases covered.Couple 1 has 2 earners and children, who both have salaries of £50k.
Couple 2 has 1 earner and children, the earner has a salary of £60k.
Couple 1's take home pay is £72,283
Couple 2's take home pay is £41,941
Guess which couple gets child benefit?
Couple 1 also pays 50% more tax. Only fair they get some back, no?
TKF said:
oyster said:
JustAnotherLogin said:
So all bases seem to be covered. Apart from people in the top 2 deciles of uk inome whingeing about not receiving a benefit designed to ensure children could be fed and weren't forced to work
Not quite all bases covered.Couple 1 has 2 earners and children, who both have salaries of £50k.
Couple 2 has 1 earner and children, the earner has a salary of £60k.
Couple 1's take home pay is £72,283
Couple 2's take home pay is £41,941
Guess which couple gets child benefit?
Couple 1 also pays 50% more tax. Only fair they get some back, no?
why should either (or anyone) get money for breeding?
where's the benefits for other lifestyle choices (coke, hookers, stamp collecting etc)?
TKF said:
oyster said:
JustAnotherLogin said:
So all bases seem to be covered. Apart from people in the top 2 deciles of uk inome whingeing about not receiving a benefit designed to ensure children could be fed and weren't forced to work
Not quite all bases covered.Couple 1 has 2 earners and children, who both have salaries of £50k.
Couple 2 has 1 earner and children, the earner has a salary of £60k.
Couple 1's take home pay is £72,283
Couple 2's take home pay is £41,941
Guess which couple gets child benefit?
Couple 1 also pays 50% more tax. Only fair they get some back, no?
I work full time and am over the threshold, and so consequently my tax code is adjusted to reclaim the benefit that is paid to my wife, who doesnt work, its a pity that I cant use some of her income tax allowance, as I was able to to in Canada
one of my colleagues has engineered a situation where he and his wife are both part timers, and so collect the benefit - it is not their motive for this work pattern, its about work life balance, but it does make it quite attractive - more income tax efficient too
TKF said:
Not many of those lifestyle choices will pay for your future pension, NHS etc.
...and I strongly doubt I this lifestyle choices will be paying for my future pension or NHS, etc,....... ....or are you saying I will get a pension from the government & the government won't be taxing my personal pension, etc,..
When this came in I did not have kids. Now I do (2) we don't get it (both earn over the limit). Thing that annoys me is the cash is for Kids paid forby tax payers (which we are). So my kids don't recive the benefit but happily there mum and dad pay for It......why not two payments max per household. So no incentive to pop out a huge tribe but if your a high earner the state still supports your kids. Seems fair.
superkartracer said:
pork911 said:
superkartracer said:
I know someone earning 1.5 million PA and STILL getting child benefit , madness.
all child benefit is madnessBullett said:
russ_a said:
If you earn above £50k and receive child benefit then I thought you had to complete a self assessment.
Nope. You can just opt out of receiving it.Now I know those of us who are well built company directors and business owners on PH shouldn't claim benfits however I believe I pay more than my fair share of tax into the system to get what's due, when it's due.
So the fact we claim it, currently we pay it back just in case.
Bullett said:
russ_a said:
If you earn above £50k and receive child benefit then I thought you had to complete a self assessment.
Nope. You can just opt out of receiving it.Now I know those of us who are well built company directors and business owners on PH shouldn't claim benfits however I believe I pay more than my fair share of tax into the system to get what's due, when it's due.
So the fact we claim it, currently we pay it back just in case.
pork911 said:
superkartracer said:
pork911 said:
superkartracer said:
I know someone earning 1.5 million PA and STILL getting child benefit , madness.
all child benefit is madnessStart here if you like, then maybe the care homes and the 12k that go missing each year in the UK. Maybe then look into the gangs that abuse them ( including professional rings ) .
Maybe you can help this poor lot ( http://www.starlight.org.uk) like i do
All child benefit is madness?
Edited by superkartracer on Friday 23 January 20:24
pork911 said:
so to be clear, do you NEED the child benefit?
if yes, why did you have kids you can't afford?
if no, why are you scrounging?
Do you make use of your tax allowances? Do you utilise ISAs or Premium Bonds? Make contributions to a pension scheme and claim tax relief? Would you voluntarily pay tax at your marginal rate on your winnings if you won the lottery?if yes, why did you have kids you can't afford?
if no, why are you scrounging?
All are perfectly legal and common ways of minimising tax/maximising income. Do they make you a 'scrounger'? Of course they don't and neither does claiming a benefit that you're perfectly entitled to, especially if you're working and already contributing a fk-load to the Treasury via income tax and NI. I fall into the £50-60k bracket (after making some pretty substantial pension contributions) and I certainly don't consider myself a scrounger for claiming back a very small proportion of my money that the government has taken from me in tax.
I assume that you'll be turning down any future increases in the personal allowance so that you can make your full and necessary contributon to the government coffers and not do the public purse out of any money.
Edited by lauda on Friday 23 January 20:29
superkartracer said:
There seems to be some vile comments being written here, i also note most are Porsche drivers... another reason i will NEVER buy one of these cars
sidicks said:
superkartracer said:
I know someone earning 1.5 million PA and STILL getting child benefit , madness.
So why haven't you reported them for benefit fraud?Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff