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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.
Where 'adjusted net income' is more than £60,000 a year, the tax charge equals the Child Benefit received.
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We offer initial free consultations simply contact us to find out more.
Please note our office is now closed due to the current Coronavirus (COVID-19) pandemic and will remain so until further notice.
Business however is continuing as usual with all the team working remotely. Please contact the person you would normally deal with, or email us at firstname.lastname@example.org with details of your query and your contact details.
We will continue to monitor the situation and are regularly updating our website with the latest advice and guidance from the government.
At Higson & Co we are committed to supporting and guiding our clients who are affected during these challenging and unprecedented times.
HIGSON & CO