Child benefit changes could see higher earners reap pension boost

The advisory business crunched the post-Spring Budget numbers and found parents earning £75,000 could gain £16,000 in child benefit payments and leave themselves £170,000 "better off in retirement under new rules". It explained that a family with two young children, where one parent earns £75,000, could increase their pension contributions from £200 to £600 per month and claim "an impressive" £15,931 over the 12-year period during which their children are eligible for child benefit payments. Quilter said the long-term result would also be to "increase their pension pot by £167,364 at ...