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longtomsilver

Net Adjusted Income Question?

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This is not to be taken as financial planning advise just trying to settle a family debate.

My sister is a civil servant and tells me that my wife is well below the threshold for 'keeping' child benefit as she is adamant that the £50k income is based on income net of income tax.

I believe otherwise and that it is the gross of salary + incomes such as dividends less pension contributions and trading losses.

Wife earns £55k basic plus car/fuel allowance with a BIK of £8k combined plus a bonus upto 25% of her salary (can be higher, i.e. last year was paid at 140%)

Whose right.

Thank you.

I would go for Thomas "the Hitman" Hearns.

Devastating power.

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