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Phone: 01242 260066 | Email accountants@mitchells.org
Child Benefit is receivable by a person responsible for each child who is under 16, or 19 if they stay in education or training.
If the person (or their spouse or partner) has 'adjusted net income' above £60,000 the person with the highest income has to pay some of the Child Benefit as a tax charge.
Where 'adjusted net income' is more than £80,000 a year, the tax charge equals the Child Benefit received.
07 Feb 2025
Businesses will get a 'measure of relief' after interest rates were cut by the Bank of England, the British Chambers of Commerce (BCC) said.
06 Feb 2025
People plugging gaps in their National Insurance contributions (NICs) have added £35 million to their State Pensions since last April, according to figures from HMRC.