Published On: Wed, Feb 12th, 2020

Child Benefit can protect state pension: Why those missing out need to act fast | Personal Finance | Finance

Chartered Financial Planner and Director of Public Policy at LEBC Group has explained how waiving the payment due to the High Income Child Benefit Tax Charge could see some people lose the National Insurance credits – unless they fill in and send off the claim form.

By doing this, affected people can explain that they want to waive the payment but still require the National Insurance credits.

Ms Ingram told “Child Benefit becomes taxable once partner or spouse’s earnings exceed £50,100.

“Many couples have waived payment of it to avoid tax without realising they are losing state pension credits.

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