You are using an outdated browser. Upgrade your browser today for a better experience of this site and many others.
Call us on - 01249 911 101 / 0845 017 6787 E-mail - info@aylmerkelly.co.uk
Child Benefit is receivable by a person responsible for each child who is under 16, or 19 if they stay in education or training.
If the person (or their spouse or partner) has 'adjusted net income' above £60,000 the person with the highest income has to pay some of the Child Benefit as a tax charge.
Where 'adjusted net income' is more than £80,000 a year, the tax charge equals the Child Benefit received.
Data published by HMRC has revealed that inheritance tax (IHT) receipts rose to a record high of £7.5 billion in the 2023/24 tax year.
24 Apr 2024
Why not register to receive our monthly Newswire?
Once a month we'll send you an email packed full of essential business news and handy tax tips to help save you money.
Learn More »