Mar 6, 2024
'I earn £22,000. The Budget will leave me £188 better off'
Joe Makin, 23, earns £22,000 a year working in admin and says almost two-thirds of his take home pay is eaten up by rent and bills. "Each month I earn about £1,600 after tax. Maybe £1,000-£1,100 of that goes on rent and bills," he says. If one parent earns more than £50,000, you have to start paying back some of your child benefit and if you earn £60,000, you don't receive any child benefit at all. "Personally, I'm a high earner - but as a household, I wouldn't say we're high earners." Two parents earning £50,000 each would still be able to claim full child benefit, despite their household earning more than Mr Stuart and his wife.
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