47
Markets2h 28m ago

HMRC has confirmed that from tax year 2024 to 2025, if individuals or their partners earn £60,000 or more annually, they must start repaying Child Benefit, with the full amount due back if earnings reach £80,000 or more.

UK

Who
HMRC, UK households, parents
What
HMRC has confirmed that from tax year 2024 to 2025, if individuals or their partners earn £60,000 or more annually, they must start repaying Child Benefit, with the full amount due back if earnings reach £80,000 or more.
When
Fri, 12 Jun 2026 06:47:00 GMT · 2h 28m ago
Where
UK ·
Why
This is related to the High Income Child Benefit Charge (HICBC) rules, where repayment rates are scaled based on income over the £60,000 threshold.
The Frontline Impact

How this affects you

This policy adjustment will financially affect UK families with higher incomes who claim Child Benefit, potentially reducing their net benefit as they will be required to repay a portion or all of it based on earnings thresholds, with new Child Benefit rates set to increase from April 6.

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