Hi,
I'm going to cross into higher rate tax, and above £50k so will start losing child benefit.
I anticipate this possibly being a one-off, as it's due to a bonus, which may not be repeated.
I calculate my total income as £53,750.
I'm considering putting £4,000 into a pension, to bring me below the £50k and avoiding child benefit. I'm looking at a SIPP with AJ Bell as the charges are lower than my auto-enroll (Now Pension).
Does that idea work out? I understand I'll need to then do a self-assessment, is this easy enough to DIY, or should I be seeking out someone to do it, if so who? I've spoken to a financial adviser on advice of a friend, but it was quite a hard sell and not what I think I need.
Is there anything else/different I should be doing?
Thanks for your help!
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