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Child Benefit
High Income Child Benefit Charge
Effectively, Monday 07 January 2013 saw Child Benefit added to the list of other means-tested benefits by the introduction of the High Income Child Benefit Charge (the ‘Charge’). The Finance Act 2012 inserted the above Charge into Chapter 8 of the Income Tax (Earnings and Pensions) Act 2003. This imposed the new Charge on a [...]
Tax charge on child benefit – Budget update
The Finance Bill 2012 will include measures that imposes a new charge on a taxpayer who has adjusted net income over £50,000 in a tax year, where either they, or their partner, is in receipt of Child Benefit for the year with effect from 2013/14 if both partners have adjusted net income over £50,000, the [...]
Autumn Statement 2011 (1) – Pensions, Tax & NICs
State Pension Age The Pensions Act 2011 gave the green light to accelerate the State Pension Age increases to 65 for women from 2018 and 66 for men and women by September / October 2020. Now, we are told that it will be accelerated further to 67 between April 2026 and April 2028. This increase [...]
