General Chat, Products & Comps <
04/01/2013 at 21:49
Changes come into effect in Monday so if you plan to opt out you don't have long.
All info here:
Just a reminder!
05/01/2013 at 08:56
I'm thinking its not worth applying for us H could/might/likely go over the 50k with overtime, thinking the fuss of trying to watch this might be more hassle than its worth! Thanks for the link though-will have another browse- know there is still a while to go!
05/01/2013 at 09:49
You still get a proportion of it between 50 and 65k HF x
05/01/2013 at 10:42
You should still apply and then you can opt out HF for every new child:
If you decide to stop your Child Benefit payments it won't affect your entitlement to Child Benefit. As long as you, or your partner, are entitled to receive it you should still fill in a Child Benefit claim form for any new children. This is because entitlement to Child Benefit:
can help you qualify for National Insurance credits that can protect your entitlement to State Pension
can help protect your entitlement to other benefits such as Guardian's Allowance
ensures your child is automatically issued with a National Insurance number before their 16th birthdays
If you or OH earns over 50k you'll have to fill in a self assessment tax form and will have to pay *some* of the CB back
If one of you earns over 60k you'll have to self assess and pay it all back
05/01/2013 at 11:05
If both parents earn under £50k do i need to do anything?? X
05/01/2013 at 11:15
Nothing at all MaisieMoo x
05/01/2013 at 11:21
on a slightly seperate note do you get any other income when you have your baby??? we earn 34k between us but one wage will obv drop....do you get any other help as smp wont even cover my half of the bills never mind then having spending money for baby???
thanks very much x
05/01/2013 at 11:26
No idea Boris sorry. Think your best bet is looking at the HMRC website.
05/01/2013 at 11:39
I will have a look, but my H is rubbish at paperwork, and not sure he will be happy filling in a self assessment form! Men! I hate the idea of having to pay it back, I would be scared to spend it!
05/01/2013 at 12:14
HF, in your case I'd sign up for it and **immediately** opt out. That way you get national ins stamps but won't need to self assess x
I'll be doing this as baby 2 is due in April. I've opted out for Ned but will fill in paperwork for #2 and immediately opt out again so I still get 'on the system' and also so I continue getting NI stamps if I choose to be a SAHM
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