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High Income Child Benefit Tax Charge

tax charge

You may have to pay a tax charge, known as the ‘High Income Child Benefit Charge’, if you have an individual income over £50,000 and either: you or your partner get Child Benefit someone else gets Child Benefit for a child living with you and they contribute at least an equal amount towards the child’s … Read more

One month to switch

One month to switch

HMRC customers have one month to switch their Post Office card account. 7,500 tax credits, Child benefit and Guardian Allowance receivers have just one month left to switch from their Post Office card accounts. HMRC will stop making payments into these accounts after April 5th 2022. Those currently receiving these benefits will need to notify … Read more

Child Benefit for 16 year olds

Child Benefit 16 year olds

The deadline to update Child benefit for 16 year olds is the 31st August 2021. Parents/carers should confirm to HMRC whether their teenagers are staying in full-time education beyond 16. Now GCSE results are know and teenagers are now considering their future it’s time to notify HMRC to determine if parents/carers are still eligible for … Read more