Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

High income child benefit charge threshold increased to £60,000 from April

08 March 2024
Issue: 4928 / Categories: News

The high income child benefit charge (HICBC) threshold will increase to £60 000 from 6 April 2024 the chancellor announced in the Budget. 

In addition the rate at which the HICBC is charged will also be halved from 1% of the child benefit payment for every additional £100 earnt above the threshold to 1% for every £200. This means child benefit will not be withdrawn in full until individuals earn £80 000 or higher.

Overall the government estimates that some 170 000 families will be taken out of paying the tax charge.

Further on the unfairness in how the HICBC is currently charged on an individual basis in that dual income families on £49 000 each (with a household income of £98 000) may not be liable to the HICBC but a single parent earning over £50 000 could – the government plans to...

If you or your firm subscribes to, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or '' for further assistance.

back to top icon