Policy paper
Income Tax: Increasing the High Income Child Benefit Charge threshold
This tax information and impact note explains the increase to the High Income Child Benefit Charge threshold, effective from 6 April 2024.
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Details
This measure confirms the High Income Child Benefit Charge (HICBC) adjusted net income threshold will increase to 拢60,000, from 6 April 2024.
For individuals with income above 拢80,000, the amount of the tax charge will equal the amount of the Child Benefit payment. 聽
For individuals with income between 拢60,000 and 拢80,000, the rate at which HICBC is charged is halved, and will equal one per cent for every 拢200 of income that is more than 拢60,000.
Updates to this page
Published 6 March 2024