Call 020 37456118 - Email info@raccountantsltd.com

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.

Rate per week (2018/19 and 2017/18)

Eldest / only child: £20.70

Other children: £13.70

Keep up to date

Want to receive monthly updates on latest accountancy news?

Sign up to our free newsletter to stay in touch.

Register here