Sorry if I sound a bit daft, but on my pay slip I have two pay bands on my earnings, the first one is gross earnings, which is £45,xxx (A), then I have a figure below that (B) of which is an amount of what i pay extra into shares/AVC/pension, then below that I have a figure which says taxable pay(C), which is (A) - (B). £42,xxx. Going on what I understand about the system, I believe that I would be under the £50,000 threshold come my final wage for this tax year (C), even with a bonus included. Can someone confirm which amount the threshold is based on, as this has been an extraordinary year due to severe manning issues and overtime accrued due to this.
Also, as I will be no where near the threshold the following year, if I were to lose some child benefit this year, can I then claim the full entitlement for the following year? Or is it a case of once you lose some (or all for some people) you can never go back to full entitlement?
Also, as I will be no where near the threshold the following year, if I were to lose some child benefit this year, can I then claim the full entitlement for the following year? Or is it a case of once you lose some (or all for some people) you can never go back to full entitlement?