High Income Child Benefit Charge: Who Qualifies and What You Get
Learn how higher earners in the UK may need to pay back some or all of their child benefit payments through a tax charge.
This is a tax charge applied to individuals who receive child benefit but earn above a certain income threshold.
Who it's for
This applies to parents or guardians who receive child benefit payments and have an income exceeding £60,000.
What you get
While this is a charge rather than a benefit, it relates to the standard child benefit payments you receive to help with the costs of raising children.
What it costs you
You may have to pay a tax charge that effectively claws back the benefit payments you have received. The amount you owe depends on how much you earn above the threshold.
The catch to know
Even if you decide to opt out of receiving the actual payments to avoid the tax, you must still register for the benefit to ensure your tax status is handled correctly.
How to apply
- Register for child benefit if you have not already done so.
- Check your annual income to see if you meet the threshold for the charge.
- Complete your annual tax return to report your income and any applicable charges.
- Visit the official portal for more details: https://www.gov.uk/child-benefit-tax-charge