Submitted on Wednesday 27th April 2016
Published on Thursday 28th April 2016
Current status: Closed
Closed: Friday 28th October 2016
Signatures: 372
Child Benefit to be taxed based on household income and not one parents salary
Currently if a single person earns over £50k a year they have to pay a tax charge on child benefit, earn over £60k and you have to pay more tax than child benefit so there is no point in claiming. However a couple can have a joint income of £98k (£49k each) and receive the full Child Benefit.
I feel very strongly about this and the difference in receiving or not receiving Child Benefit may influence financial decisions for many families.
Child Benefit is £20.70 per week for one child and £13.79 for an additional child. For some families this makes a huge difference.
Why should families with a household income of less than £98k receive their full entitlement to Child Benefit and yet a family with one working parent who earns over £48k not?
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3.138.101.51 Sun, 22 Dec 2024 17:40:07 +0000