! This post hasn't been updated in over a year. A lot can change in a year including my opinion and the amount of naughty words I use. There's a good chance that there's something in what's written below that someone will find objectionable. That's fine, if I tried to please everybody all of the time then I'd be a Lib Dem (remember them?) and I'm certainly not one of those. The point is, I'm not the kind of person to try and alter history in case I said something in the past that someone can use against me in the future but just remember that the person I was then isn't the person I am now nor the person I'll be in a year's time.
Well, isn’t little Georgy Porgey Osborne a clever boy? He’s decided to means test for family allowance to stop the well off from getting money they don’t need but being the clever boy that he is, he’s dropped a bit of a bollock.
The means testing is being done by taking family allowance off anyone who is in the higher tax bracket. This means that if either parent earns over £44k they won’t qualify for family allowance. And rightly so, there’s no need for someone earning £44k to have family allowance.
But here’s the clever bit: if two parents earn £43,999.99 each – a combined household income of £87,999.98 – they will still be paid family allowance.
Genius.
One wonders why they didn’t spot that one from a mile off. News this morning that they may have to amend it
You don’t expect politicians to think things through properly do you?
If you are just over the threshold you can avoid losing your child benefit by paying the difference into your pension scheme.
Interesting that if you are just below the threshold a pay rise would lose you £1500 a year……