Child Benefit is receivable by a person responsible for each child until they reach 16, or 19 if they stay in education or training.
If the person (or their spouse or partner) has 'adjusted net income' above £50,000 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 £60,000 a year, the tax charge equals the Child Benefit received.
|Rates - 2017/18
|£ per week
net income' is total taxable income less certain tax reliefs, for example:
• trading losses
• donations made to charities
through Gift Aid
• pension contributions
This publication is published for the information of clients. It provides
only an overview of the regulations in force at the date of publication and no
action should be taken without consulting the detailed legislation or seeking
professional advice. Therefore no responsibility for loss occasioned by any
person acting or refraining from action as a result of the material contained
in this publication can be accepted by the authors or the firm.