Child benefit is simply a tax-free payment that the government gives to parents:
All parents with children under 16 (sometimes 20) can claim, but if one of the parents earns over £50,000 you’ll need to pay some or this benefit back.
This is called the High Income Child Benefit Charge (HICBC).
It depends on how much you earn, but basically if either of you earns over £60,000 you’ll need to pay back the entire amount.
Use this child benefit charge calculator to see how much you’re entitled to, and if you need to pay any of it back.
The child benefit is simply a payment that the UK government can give to any parent who has children under the age of 16.
How much you get depends on:
You have 1 child
You get £20.70 per week for your child.
In total that’s £1,076.40 per year.
Whoever has the higher income: either you or your partner.
It doesn’t matter who actually received the Child Benefit in their bank account.
You’ll need to:
In short, yes.
The advantages of claiming Child Benefit:
What you can do:
With the third option you get all the benefits but you don’t need to worry about filing a tax return or paying tax.
You can also restart your child benefit if you’ve stopped it.
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