Does the high-income child benefit charge apply? The high-income child benefit charge (HICBC) applies to claw back child benefit from either the claimant or his or her partner where at least one of them has an income of £50,000 or more. The charge is perhaps one of the more unfair tax charges in that the…
Parents affected by the High-Income Child Benefit charge (HICBC) can be forgiven for thinking that there is no point is registering for child benefit if they are only going to have to give back everything they receive in the form of the tax. The HICBC applies where the parent claiming child benefit or their partner…
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If you have a joint savings account, you need to declare this income on your self assessment. ISA income is exempt.
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