Name: High Income Child Benefit Tax Charge True Cost
SKU: 7834
Price: 32.00 GBP
Availability: InStock

High Income Child Benefit Tax Charge True Cost

£32.00

This 522-word blog discusses new HMRC figures obtained by NFU Mutual that show that the government collected £1.65bn from the High Income Child Benefit Tax Charge (HICBC) between its introduction in January 2013 and the 2016/17 tax year. The article also looks at ways in which families could save money and increase their pension posts. Written on 28 January 2020.

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Category: Personal Finance.

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With the tax return deadline looming, some parents may not realise they need to repay some or all of their child benefit.

This is more specifically those parents who received a pay rise between April 2018 and April 2019 – taking their earnings above £50,000.

Parents not normally required to submit tax returns are being urged to check if they need to repay some or all of their child benefit in the final week of January.

New HMRC figures obtained by NFU Mutual show that the government collected £1.65bn from the High Income Child Benefit Tax Charge (HICBC) between its introduction in January 2013 and the 2016/17 tax year.