The High Income Child Benefit Charge is draining your retirement—here’s the ruthless hack to keep the cash and retire wealthier than ever.
Such a parent will lose all their Child Benefit. Even though their household lives on £40,000 less pre-tax than the previous couple.
If you wanted a policy to encourage both parents to work full-time, you could do worse. I doubt that was the idea.
Remember this the next time a politician talks about being ‘fair’.
Everyone is at it in 2025
Back in 2012, Monevator was one of the first non-accounting websites to talk about making pension contributions to lower your earnings below a certain threshold, to reduce your effective marginal tax rate.
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