Hi all
Recently received a self assessment form for child benefit to check on total income. Does anyone know the rules/situation wrt the following:
AIUI, pension payments can be grossed up and the resulting value deducted from your income. What's the rider concerning "government approved schemes" about? My pensions are Scottish Equitable personal type, paid out of my nett income. How do I know if these are government approved (I believed they must be!)
Also there are two thresholds involved 50K and 78K. The initial assessment is to check whether your total household income exceeds 50K. If it does, what are the implications on the child benefit - does the benefit reduce in proportion to the amount you exceed 50K?
Before anyone suggests calling the advertised number, this has been tried. The numpty on the other end seemed less clued up than I!
TIA
Phil