The High Income Child Benefit charge was introduced on 7 January 2013. You may be liable to this new tax charge if you, or your partner, have an individual income of more than £50,000 and one of you gets Child Benefit or contributions towards the upkeep of a child.
Who is affected by the High Income Child Benefit charge?
You will be affected by the High Income Child Benefit charge if during a tax year any of the following applies to you:
- you have an individual income of more than £50,000 and are entitled to receive Child Benefit
- you have an individual income of more than £50,000 and live (or have lived) with a partner who's entitled to receive Child Benefit
- both you and your partner have an income of more than £50,000 per year, you have the higher income and one of you is entitled to receive Child Benefit
What to do if you're affected
You will need to choose to do one of the following:
- keep receiving Child Benefit payments or;
- tell the Child Benefit Office that you want to stop receiving Child Benefit payments