The Child Benefit tax charge was introduced on 7 January 2013.
This applies to any two individuals living together as husband and wife or civil partners and either of them
If your adjusted income (earnings less pension contributions and gift aid) is over £50,000 there will be a clawback of some or all of the child benefit that has been received.
Once income is over £60,000 the tax charge will claw back all that has been received, between £50,000 and £60,000 the clawback will be smaller.
When we complete your tax return we will need to know:
How much child benefit you received between 7 January 2013 and 5 April 2013
How many children you receive benefit for?
This applies to any two individuals living together as husband and wife or civil partners and either of them
- receive Child benefit
- and either has a net adjusted income of £50,000 or more
If your adjusted income (earnings less pension contributions and gift aid) is over £50,000 there will be a clawback of some or all of the child benefit that has been received.
Once income is over £60,000 the tax charge will claw back all that has been received, between £50,000 and £60,000 the clawback will be smaller.
When we complete your tax return we will need to know:
How much child benefit you received between 7 January 2013 and 5 April 2013
How many children you receive benefit for?