High Income Child Benefit Charge

 

The Chancellor has announced that from the 6th April 2024, the high income child benefit charge threshold will be increased from £50,000 to £60,000. 

 

If you currently claim child benefit and you or your partner earn above £50,000 in the tax year, 1% of the child benefit is repayable to HMRC, with 100% being repayable if you earn £60,000 or more. 

 

As of the 6th April 2024, the child benefit will only start to become repayable to HMRC on earnings above £60,000. For every £200 you or your partner earns above £60,000 in the tax year, 1% of the child benefit is repayable to HMRC, with 100% being repayable if you earn £80,000 or more. 

More information can be found here.