Child benefit tax calculator: You may be charged with income tax – this tool will help | Personal Finance | Finance

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Once this information is entered, a user will also be able to enter details of any allowable deductions they may have, such as pension contributions deducted from pay.

Entering these deductions will be optional but it is the final element of the calculation.

The final screen will detail how much child benefit the user would have received and what tax charge (if there is one) will be levied on these payments.

If a charge is due, it must be paid through a self-assessment tax return.





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