Questions and discussions about claiming benefits while living and working in the UK
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rommy
- Junior Member
- Posts: 80
- Joined: Sat Dec 11, 2010 3:59 pm
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by rommy » Wed Feb 02, 2022 3:45 pm
Good afternoon,
I need your help with regards to child benefit. I am originally from Pakistan and now also have british citizenship. My wife is on spouse visa with me being her sponsor and we will be applying for extension in Sep 2023.
I am currently earning around £40k. We just had a baby. Can I apply for child benefit and will it have any adverse effect on my wife visa extension?
Thank you all for your help.
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AmazonianX
- Respected Guru
- Posts: 7501
- Joined: Tue Jun 11, 2019 1:09 pm
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by AmazonianX » Wed Feb 02, 2022 4:17 pm
rommy wrote: ↑Wed Feb 02, 2022 3:45 pm
Good afternoon,
I need your help with regards to child benefit. I am originally from Pakistan and now also have british citizenship. My wife is on spouse visa with me being her sponsor and we will be applying for extension in Sep 2023.
I am currently earning around £40k. We just had a baby. Can I apply for child benefit and will it have any adverse effect on my wife visa extension?
Thank you all for your help.
The CB claim will be in your name and should have no adverse effect on your wife's extension.
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rommy
- Junior Member
- Posts: 80
- Joined: Sat Dec 11, 2010 3:59 pm
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by rommy » Mon Feb 07, 2022 8:26 pm
Thank you as always for your kind response.
I am a bit confused about capital gain tax. Does CGT counts toward the £50k income threshold? I.E if my salary is £40k and I also earn £20k as captial gain in a year , does it take me over the threshold?
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miiiirza1
- Newbie
- Posts: 32
- Joined: Tue Jun 03, 2014 5:19 pm
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by miiiirza1 » Fri Feb 11, 2022 8:47 pm
rommy wrote: ↑Mon Feb 07, 2022 8:26 pm
Thank you as always for your kind response.
I am a bit confused about capital gain tax. Does CGT counts toward the £50k income threshold? I.E if my salary is £40k and I also earn £20k as captial gain in a year , does it take me over the threshold?
Your ordinary income is taxed first at the higher relative tax rate and capital gain is taxed second at their lower rate. Capital gains can not push your employed income into a higher tax bracket but may push your capital gain's rate into a higher tax bracket
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miiiirza1
- Newbie
- Posts: 32
- Joined: Tue Jun 03, 2014 5:19 pm
Post
by miiiirza1 » Fri Feb 11, 2022 8:47 pm
rommy wrote: ↑Mon Feb 07, 2022 8:26 pm
Thank you as always for your kind response.
I am a bit confused about capital gain tax. Does CGT counts toward the £50k income threshold? I.E if my salary is £40k and I also earn £20k as captial gain in a year , does it take me over the threshold?
Your ordinary income is taxed first at the higher relative tax rate and capital gain is taxed second at their lower rate. Capital gains can not push your employed income into a higher tax bracket but may push your capital gain's rate into a higher tax bracket
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miiiirza1
- Newbie
- Posts: 32
- Joined: Tue Jun 03, 2014 5:19 pm
Post
by miiiirza1 » Fri Feb 11, 2022 8:47 pm
rommy wrote: ↑Mon Feb 07, 2022 8:26 pm
Thank you as always for your kind response.
I am a bit confused about capital gain tax. Does CGT counts toward the £50k income threshold? I.E if my salary is £40k and I also earn £20k as captial gain in a year , does it take me over the threshold?
Your ordinary income is taxed first at the higher relative tax rate and capital gain is taxed second at their lower rate. Capital gains can not push your employed income into a higher tax bracket but may push your capital gain's rate into a higher tax bracket
