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Comment & Analysis

The high income child benefit charge may have dissuaded taxpayers from claiming child benefit, but this could have long term and unexpected adverse consequences, explains Tolley Insight.

Correspondence from readers on topical subjects.

Extra-statutory concessions need attention

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The high income child benefit charge may have dissuaded taxpayers from claiming child benefit. Those who fail to claim are missing out on potentially valuable contributions to their NIC record.
 
On 26 July 2018, the Treasury published correspondence between the Treasury Committee and HMRC, raising concerns that parents who have not claimed child benefit are potentially missing out on part of their future state pension.
 
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