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Where Taxpayers and Advisers Meet

Search found 6 matches

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by JCook
Mon Mar 25, 2019 10:07 am
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: Tax anomaly and HICBC
Replies: 2
Views: 156

Re: Tax anomaly and HICBC

I thought that would be the case regarding the HICBC, not taken into account the additional income tax that will be due though.

Thanks for the info.
by JCook
Sun Mar 24, 2019 8:10 pm
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: Tax anomaly and HICBC
Replies: 2
Views: 156

Tax anomaly and HICBC

I have just been informed by my employer, due to an anomaly this year I will be paid 14 times instead of 13(lunar pay). I was paid on 6/4/18 and I will be paid on 5/4/19 for the 14th time in the tax year. How will HMRC View this additional payment as it will put me way over the £50k threshold for th...
by JCook
Wed Mar 04, 2015 3:52 pm
Forum: General
Topic: Child Benefit High Earner
Replies: 6
Views: 1485

Re: Child Benefit High Earner

Thanks for clearing that up, yes £51k is my gross pay before any pension contributions or personal allowance is taken into account.
by JCook
Tue Mar 03, 2015 11:36 pm
Forum: General
Topic: Child Benefit High Earner
Replies: 6
Views: 1485

Re: Child Benefit High Earner

Would this be taken care of by the payroll team under PAYE or would I need to get an accountant to do my self assessment.

Thanks in advance
by JCook
Tue Mar 03, 2015 8:06 pm
Forum: General
Topic: Child Benefit High Earner
Replies: 6
Views: 1485

Re: Child Benefit High Earner

You mean because my pension contributions do reduce my salary under the £50k threshold?
by JCook
Tue Mar 03, 2015 6:30 pm
Forum: General
Topic: Child Benefit High Earner
Replies: 6
Views: 1485

Child Benefit High Earner

As I understand it if you earn above £50k a year you have to pay so much of your child benefit back. My salary is £51k but I make pension contributions deducted from my gross salary of around £5k a year. I was led to believe this meant that my salary would be reduced to £46k thus meaning we would be...

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