19 April 2012
High Income child benefit charge
In the March 2012 Budget, George Osbourne announced plans to introduce a ‘high income child benefit charge’ which will come into effect from 7 January 2013.
The charge will apply to taxpayers who have an adjusted net income over £50,000 in a tax year, where either themselves or their partner are in receipt of child benefit.
If both partners have adjusted net income over £50,000, the partner with the higher income is liable for the charge (regardless of which partner is in receipt of child benefit).
You can find complete details of these plans, as well as other child benefit policy changes, in our child benefit policy section:
- Freeze on child benefit rates
- Withdrawal of child benefit for higher rate taxpayers
- High Income child benefit charge
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