How many families are there with a household income of 80k with neither partner earning over the higher tax threshold?
I don't know if anyone (even the government) know that - since I don't think they have anyway of "joining" my tax records with my wifes (which then leads to a question of how they will police the Child Benefit claim?).
However whilst 80k is the extreme any couple with children earning a combined 43-86k where both are below the tax threshold are the "winners" in this. There will be plenty of professionals with kids who fall into that category - teachers, nurses, designers, programmers, scientists...
Jambo - jam bo - Member
For those people who earn just over the £44k threshold, pay more into your pension to reduce your taxable income to just below the threshold. You will then remain entitled to child benefit and get full rate tax relief on your additional pension contribution. Double bubble.
Mmm, but the threshold is falling, and inflation is rising so unless you are in the fortunate position of being consistently cash positive every month you might find that actually you need that money to maintain the standard of living you want for your family. If you have enough surplus cash that it really doesn't matter then screwing the system for that last £1k then you are almost as much a parasite on society as the benefit scroungers who aren't looking for work etc.