Hi
I currently receive child benefit payment for 2 children during 2021 - 2022 tax year. Current total income is approximately £2k below child benefit threshold of £50,099. In March I will receive a 3% bonus (one off payment) and a 2% salary increment paid monthly
I have worked out (with as much accuracy as possible) that the combined increase will result in total earnings being above the child benefit threshold. The following month of April 22 total income would return below the benefit threshold.
My query is will I have to payback 2021-2022 child benefit due to going above the threshold as a result of the 3% bonus being awarded in March 2022.
Any guidance would be appreciated
Regards
JC
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