Child benefit
Hey ladies! Just looking for some advice as I get a bit confused… my partner is self employed and I currently don’t early anything (was on part time minimum wage before baby too)
when I gave birth (August) till first April of my babies life my partner was earning on or over 60K so we didn’t claim however after this last April he said he wasn’t near that so put in a claim.
I just always worry because his work fluctuates so much and one minute it feels like he isn’t earning over the threshold and the next he might be cause a big job comes in…
How on earth do you know throughout the year/years whether you should stop claiming in these situations? I won’t want to owe loads of money back all of a sudden
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I think if it goes over, you just pay whatever you need to back in the self assessment at end of year.
Does he pay into a pension or anything, because remember is £60k net income, so anything after paying tax, NI, pension contributions etc. x
Please make sure if you are earning over then you apply anyway and tick the box which says you don’t need the money. This is because even if you don’t receive the credit, it still tops up your pension credits for retirement. If you don’t apply for it then you could have a shortfall if you aren’t working.
But if you do receive the money like Charlotte above said you can repay the money at the end of the self assessment year if necessary and also if you’re not sure can you put the money you are receiving into a savings account to keep it separate and ready to repay if you think that’s likely.
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