26. ISA AND CHILD BENEFIT CHARGES

Question 1

ISA max contibution annual

Answer 1

20k

Question 2

what is high income child benefit charge

Answer 2

1% of the child benefit for every £200 of adjusted net income over 60k

benefit reduced by - 1% of (income - 60k)

Question 3

which partner does high income child benefit charge relate to

Answer 3

the higher earner

Question 4

what is calculation for high income child benefit charge

Answer 4

Salary
+ other income
- gross pension
= adjusted income

adjusted income - 60k = excess

excess / 200 = number of %