You are using an outdated browser. Upgrade your browser today for a better experience of this site and many others.
Working tax credits and child benefit.
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 £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.
Why not get in touch with Quarter Chartered Accountants today for more information.
The British Chambers of Commerce (BCC) has warned the government that the UK's economic security is at risk, and has urged it to prioritise security after ten years of geopolitical shocks.
The Confederation of British Industry (CBI) has warned that the UK's business rates system poses a 'major barrier' to UK growth and competitiveness.