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Old Today, 19:12   #3086
Hugh
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Re: Starmer’s chronicles

Quote:
Originally Posted by Carth View Post
Perhaps if they went ahead and means tested the state pension there may be pensioners given more to hit the target . . works both ways if the circumstances are right (or wrong).

Can we means test child benefit too
https://www.gov.uk/child-benefit-tax-charge

Quote:
From tax year 2024 to 2025 onwards

If you or your partner earn more than £60,000 a year, you’ll have to pay some of your Child Benefit back. If you or your partner earn £80,000 or more, you’ll have to pay all of it back.

You’ll pay back 1% of your Child Benefit for every £200 you earn over the threshold.

Example

Your adjusted net income is £67,600 in tax year 2024 to 2025. This is £7,600 over the £60,000 threshold. As 7,600 divided by 200 is 38, you’ll pay back 38% of your Child Benefit.
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