HIGHER INCOME CHILD BENEFIT CHARGE
If you, or your partner, earn more than £50,000 per year and you claim Child Benefit then you will meet criteria to complete self-assessment tax return each year.
This is because if you have any earnings over £50,000 per year then Child Benefit starts to become restricted. Once your income is over £60,000 per year, you will lose the entitlement to this benefit altogether. You will lose 1% of the Child Benefit entitlement for every £100 that you earn over £50,000.
Speak to us today and we can calculate the Child Benefit Higher Income Charge and assist with your required tax return.
cONTACT AN EXPERT today
Fill in your details to request more information on our services or receive a free consultation with an expert.