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Weekly amounts of child / working tax credits and child benefit.
Child Benefit is receivable by a person responsible for each child until they reach 16, or 19 if they stay in education or training.
If the person (or their spouse or partner) has
'adjusted net income' above £50,000 the person with the highest income has to pay some of the Child Benefit as a tax charge.
'adjusted net income' is more than £60,000 a year, the tax charge equals the Child Benefit received.
Eldest / only child: £20.70
Other children: £13.70
Why not contact Bidwells Accounting Services today for more information or a FREE no obligation quote.
Chancellor Rishi Sunak has set out a package of temporary, targeted measures to support public services, people and businesses through the period of disruption caused by COVID-19.
The Chancellor Rishi Sunak presented his first Budget on Wednesday 11 March 2020.