Asked by: Laura Smith (Labour - Crewe and Nantwich)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether he plans to increase the £50,000 earnings limit in respect of the High income benefit charge.
Answered by Elizabeth Truss
The adjusted net income threshold above which an individual becomes liable for the HICBC is £50,000. The government believes this is currently the correct level for the threshold, but as with all elements of tax policy this remains under review.