Is the new child benefit system good?

I think it is good idea as surly a person who is higher paid can afford to support their children easily.
http://www.bbc.co.uk/news/uk-politics-11464300

Steven211 wrote:I think it is good idea as surly a person who is higher paid can afford to support their children easily.
http://www.bbc.co.uk/news/uk-politics-11464300

I guess they could afford to pay for the childrens education as well...

It says in that link:

"People will be expected to declare on their tax returns whether they fall within the 40% and 50% tax brackets and the money will then be clawed back through the tax system."

So you are supposed to pay your income tax, then the government pays some of it back as child benefit into your bank account, then you declare it on your tax return and finally you pay it back to the tax man There must be a more efficient way!

Windy wrote:

Steven211 wrote:I think it is good idea as surly a person who is higher paid can afford to support their children easily.
http://www.bbc.co.uk/news/uk-politics-11464300

I guess they could afford to pay for the childrens education as well...

It says in that link:

"People will be expected to declare on their tax returns whether they fall within the 40% and 50% tax brackets and the money will then be clawed back through the tax system."

So you are supposed to pay your income tax, then the government pays some of it back as child benefit into your bank account, then you declare it on your tax return and finally you pay it back to the tax man There must be a more efficient way!

Exactly, they are just greedy to be honest, there are still lots of loopholes in the system though, how wonder our country is in so much debt.