HIGH INCOME CHILD BENEFIT TAX CHARGE

If:

 

  • one “partner” has an income over £50,000; and

 

  • either “partner” claims child benefit

 

then part of the child benefit may be clawed back.

 

“Partner” refers to:

 

  • spouses living together, or

 

  • two adults, who share responsibility for a child, even if both adults are not the parents of that child; or

 

  • another adult who contributes at least an equal amount towards the upkeep of a child (for example, a parent who contributes towards supporting a child, but who does not live with him because the parents are separated).

 

If you or your partner is claiming child benefit and either of your incomes exceeds £50,000, please let us know.

 

If you are receiving child benefit, make sure that you tell your partner so that he/she can make any necessary adjustments on his/her tax return.

 

 

#1805767