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Changes to High-Income Child Benefit Charge

We wanted to bring to your attention some important changes regarding the High-Income Child Benefit Charge (HICBC) that will come into effect from 6 April 2024.

Increased Threshold: 

The HICBC threshold will be raised to £60,000 from the current £50,000. This means that individuals earning up to £60,000 can now claim Child Benefit without being subject to the charge.

Clawback Range: 

The clawback range for the HICBC will remain between £60,000 and £80,000. If your income falls within this range, you may still be eligible for Child Benefit, albeit with a partial charge.

Consider Restarting Claims: 

Given these changes, it may be worthwhile for those who previously stopped claiming Child Benefit due to the income threshold to reconsider. Restarting the claim could provide valuable National Insurance (NI) credits, especially if one of you is not currently employed.

Navigating Changes: 

At Jerroms, our team of experts is here to assist you in navigating these changes seamlessly. Whether you have questions, or need guidance, reach out to your usual Jerroms contact or contact us.

Get In Touch

Please get in touch if you want to talk more about how we can help you.
We offer an initial consultation free of charge which gives us the chance to meet and discuss your needs, with no obligation.

Accountants in Solihull

Lumaneri House, Blythe Gate, Blythe Valley Park, Solihull, B90 8AH

0121 693 5000

Accountants in Halesowen

West Point, Second Floor, Mucklow Office Park, Mucklow Hill, Halesowen, B62 8DY

01384 250202

Jerroms is a trading style of both Jerroms Business Solutions Limited 08923059 and Jerroms GCN Limited 08433008.
Registered office for each of these companies is: Lumaneri House, Blythe Gate, Blythe Valley Park, Solihull, B90 8AH