Tag Archive for Family Allowance

Who’s a clever boy then?

Osbourne and Cameron

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.