17/09/2025
š¶Did You knowš¶?
1. Child Benefit starts reducing, if you or your partner earn over Ā£60,000. The benefit is reduced by 1% for every Ā£200 earned above Ā£60,000, with the entire payment withdrawn when the income reaches Ā£80,000 or more
2. You can get up to Ā£500 every 3 months (up to Ā£2,000 a year) for each of your children to help with the costs of childcare. This goes up to Ā£1,000 every 3 months if a child is disabled (up to Ā£4,000 a year)
EXCEPT - If you or your partner have an expected āadjusted net incomeā over Ā£100,000 in the current tax year, YOU WILL NOT BE ELIGIBLE.
But - What is 'Adjusted Net Income' ?
Adjusted net income is total taxable income before any Personal Allowances and less certain tax reliefs, including:
1. Donations made to charities through Gift Aid ā taking off the āgrossed-upā gift-aid amount
2. Pension contributions paid gross (before tax relief)
3. Pension contributions where your pension provider has already given you tax relief at the basic rate ā take off the āgrossed-upā amount
All information is from www.gov.uk
