Child Benefit changes
Changes to the rules on child benefit have come into force from 7 January 2013 and will reduce the entitlement for about 1.2 million households.
Households where one partner (whether or not the natural parent of the child) is earning more than £50,000 per year will face a claw back of some of the child benefit received. However, if the highest earning partner receives income in excess of £60,000, all the child benefit will be clawed back.
To avoid the claw back it is possible to deregister from receiving child benefit at all.
If you are concerned any of these changes may affect you, or you have any other questions, please contact Victoria Bishop, Tax Partner at robinson+co on 01900 603623 or firstname.lastname@example.org