Article preview: One potential consequence for parents with a falling income, during the coronavirus crisis, could be renewed access to Child Benefit. Potentially thousands of parents who opted out of receiving Child Benefit, to avoid the High Income Child Benefit Charge, could now claim the benefit without paying a tax charge. The insurer Royal London has published commentary encouraging parents who suffer a loss of income to consider reclaiming Child Benefit if their new lower income is below the tax threshold.
Could you start claiming Child Benefit again?
This 512-word blog post looks at whether parents experiencing a lower income due to the coronavirus pandemic could start claiming Child Benefit again, without paying the money back through the High Income Child Benefit Charge. Written on 6th April 2020.
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