How your pension pot can help claw back lost child benefit

Earn between £50,000 and £60,000? By making a simple tax change you can legally save up to £1,789 a yearThousands of families are failing to take advantage of a little-known quirk in the tax rules which means that paying more into your pension gives you more child benefit.Steve Webb, a former pensions minister, says large numbers of families where one parent earns more than £50,000 a year are “unnecessarily” losing out on child benefit. This “lost”