If you or your partner’s individual income is over £50,000 you will incur a tax charge on the amount of child benefit received in the year. This is increasing to £60,000 for the year 2024/2025.

This is charged at 1% of the child benefit amount for every £100 of the benefit received over £50,000, this means if your income is over £60,000 the amount you are required to pay will wipe out the entire amount of child benefit received.

If you expect your income to exceed £50,000, please ensure that you supply the child benefit that you or your partner has received so we can include this in you tax calculation for the year.