Child benefit payback warning

But you could well be affected. Any family which has one earner bringing in £50,000 or more will find that they are expected to pay back some or all of the child benefit paid to them between January and April 5^th 2013.

Heidi Marshall, a partner in Dodd and Co and a NASDAL member, spoke on a number of key issues including the subject of Child Benefit at the recent British Dental Trade Association Showcase. Afterwards, she said, she had more queries about Child Benefit than anything else.

“Many dentists are unaware that it doesn’t matter who is claiming the Child Benefit, what matters is that if one of you earns more than £50,000, you will not be able to keep it all. And if you earn more than £60,000, all of it has to be paid back. 

She explained that the money was paid back via a tax charge which was borne by the higher earner. This could be included in your tax code if you are employed. Whatever happens, the higher earner needs to do a tax return to prove what their income level is.