HMRC: High Income Child Benefit Charge letters set to be delivered in the South East.
- 29 October 2012 15:37198362Days numbered for well off as..
High Income Child Benefit Charge letters set to be delivered in the South East...
Around one million letters will be issued during November to families, including those in the South East, affected by next year's changes to Child Benefit.
The letters explain the new High Income Child Benefit Charge that takes effect from 7 January 2013.
The new charge will apply when a taxpayer's or their partner's income is more than £50,000 in a tax year and if they or their partner receives Child Benefit.
Information on the changes and what steps those affected should take can be found at
http://www.hmrc.gov.uk/childbenefitcharge.
For those with income of more than £60,000, the tax charge is 100 per cent of the amount of Child Benefit. If income is between £50,000 and £60,000, the charge is gradually increased to 100 per cent of the Child Benefit.
Those affected will need to decide whether to keep receiving Child Benefit and pay the tax charge through Self Assessment, or to stop receiving Child Benefit and not pay the new charge. If their income is less than £60,000, the tax charge will always be less than the amount of Child Benefit, and they could lose money to which they are entitled if they stop receiving Child Benefit.email: dover7@msn.com - 29 October 2012 16:28198391Did you get one Paul?
Watty - 29 October 2012 16:32198392
lol Not tellin' !! seriously though the child benefit long gone around here.
But it appears the letters wont be going out until November. This is the government clawing some of the excesses back. As long as they dont interfere with the winter fuel allowance, although i suspect that might be next on the agenda.email: dover7@msn.com - 29 October 2012 16:35198393They should also stop the winter fuel allowance to those Brits living abroad.
Roger - 29 October 2012 20:10198430Why?
- 29 October 2012 20:18198434They should take back the utilities and run them on cost, only
Wouldn't need allowances - 29 October 2012 20:34198441It's certainly a start, a tentative attempt at equalisation and levelling.
There should be more of the same, not only regards State spending, but spending in share companies.
This would mean, if you earn more than £60.000 a year and get a bonus from a share company, you pay a tax on the bonus equal to 100% of the bonus, which goes to the Treasury.
Hopefully this Child Benefit Tax law will set a precedent to go on and on and on...collecting more and more money from the well-off. After all, if we must go down, we'll all go down together, or we'll all stand together and share the rations out as a company.
We've reached the point where we really cannot afford to shed compassionate tears for the wealthy. And £50-60,000 a year is enough to be wealthy.Chanters, Drums and Drones Potty Time http://youtu.be/99fMqpjnXYA
Rule Britannia!
Kent First http://youtu.be/04F3mAP3fV4 Keep banging on http://youtu.be/qYCU_SKmkGQ - 29 October 2012 21:09198447Again the above post is -------- they already pay more tax with what they get,so why should they not get the same Benefits as a family that is on a lower income,and some of them,not all, go out drinking and smoking and even do not wish to work,should they get better service then others that do try.?
- 29 October 2012 21:17198449Plainly put, Vic, the Country can't afford it!
But if you equalise the child benefit of a well-to-do family with an equivalent tax, they won't go into poverty because of it.
These earners (£50-60,000 and above a year), are not the kind of people who will face home-eviction for failure to pay mortgage. They are not financially vulnerable.
In a situation of economic crisis, as we are in now, there is no room for "live and let die" attitudes.Chanters, Drums and Drones Potty Time http://youtu.be/99fMqpjnXYA
Rule Britannia!
Kent First http://youtu.be/04F3mAP3fV4 Keep banging on http://youtu.be/qYCU_SKmkGQ - 29 October 2012 21:39198452i cannot fathom why the lotus eaters get winter fuel allowance.
- 30 October 2012 06:23198467Carole, my older brother lives in Cyprus and gets winter fuel allowance; my view is that if people have chosen to live abroad after they have retired, then good luck to them and I wish them all well. They'll get their well-earned pension, but the winter fuel allowance is for those living in Britian during the winter.
If I remember, you now live in France ? I hope you are doing well and enjoying life there; I have no idea of your age and wouldn't dare ask, but (and I really don't want to be rude) why should the British tax-payer, pay part of their taxes to keep you warm - or in my brother's case, pay towards his air-conditioning to keep him cool ?
Roger - Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
30 October 2012 06:44198472roger,thanks for the tip about cyprus,i was looking for some where warm to live when i retire on my meeger pension,thats if the country dosent go tits up first.
- 30 October 2012 06:48198473#6 - KeithB. I bet that you have never run anything in the commercial world with that statement and clearly have not appreciated how energy prices are subject to massive capital investment and complex world market prices.
I can sympathise fully with what Roger says but personally I would do away with all the extra allowances and payments for this and that and just build it in to the State Pension. - 30 October 2012 08:13198477As I'm 65 next September, I hope you are right Barry.
Roger - 30 October 2012 08:26198480Roger: I have worked for the past 46 years without a break and without claiming one penny off the state. HMRC get their grubby little mitts on my and my husband's pensions before they end up in our (English) bank accounts. If we still lived in England we would get the allowance. You seem to assume that people who live abroad are well off. Why shouldn't I get something back from the system to which I have contributed for many years? I could take the view that people should not have children if they cannot afford them (thus qualifying them for benefits) but I don't. I know some quite rich people who have bus passes. Do you suggest that all these "perks" of retirement get means-tested?
Howard: I have never eaten a lotus in my life.
PS: I might spend my allowance paying my leccy bill but on the other hand I might just blow it on the excellent wines of my departement!!!! - 30 October 2012 09:35198484Good for you Carole
- 30 October 2012 09:54198487brian
cyprus is in an even worse state than we are. - 30 October 2012 11:46198499Carole, blow it on the excellent wines
Enjoy!!! you've earned it. - Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
30 October 2012 15:21198529howard,maybe so but its darn site warmer than here,beats living in 12 months of winter.
