Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential merits of raising the threshold of the high income child benefit charge from the financial year 2021-22 in line with the increase in the higher rate income tax threshold for basic rate taxpayers.

As with all elements of tax policy, the Government keeps the High Income Child Benefit Charge (HICBC) threshold under review. At present, the adjusted net income threshold of £50,000 only affects a small minority of those with comparatively high incomes. The Government therefore believes that the current threshold for HICBC remains the best option.