Use pension contributions to claw back child benefits - Royal London
High earners lose £171m a year, study shows
High-earners are missing out on millions of pounds by failing to take advantage of a connection between pension contributions and child benefit entitlements, a study from provider Royal London has found.
The firm said hundreds of thousands of working families were unaware that HM Revenue & Customs (HMRC) determines the ‘High Income Child Benefit Charge' based on income net of pension contributions...
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