High Income Child Benefit Tax Charge
(asked on 17th February 2023) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether he plans to raise the High Income Child Benefit Charge threshold.
This question was answered on 22nd February 2023
The Government is committed to managing the public finances in a disciplined and responsible way.
The Adjusted Net Income threshold of £50,000 for the High Income Child Benefit Charge (HICBC) means that the Government continues to support the majority of Child Benefit claimants, whilst ensuring that the fiscal position remains sustainable. The Government therefore considers that the current threshold remains appropriate.
However, as with all elements of tax policy, the Government keeps this under review.