High income Child Benefit Charge 2024-05-07
2024-05-07
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Q1
Direct Answer
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Context
The question concerns an assessment of changes made to the high income child benefit charge, affecting household incomes.
What assessment has been made of the impact of raising the high income child benefit charge threshold on household incomes?
The high income child benefit charge threshold was raised to £60,000 on 6 April 2024. The point at which child benefit is fully withdrawn was also increased to £80,000, and the Government estimate that this will take 170,000 families out of paying the charge in 2024-25. The Government also plan to administer HICBC on a household rather than an individual basis by April 2026.
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Q2
Direct Answer
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Context
The questioner has received numerous contacts from South Derbyshire parents regarding the unfair situation they are caught in due to recent policy changes.
I have been contacted by many South Derbyshire parents who are caught in this unfair situation. Can the Minister be even more precise about the savings that this will now mean for my affected constituents?
Almost half a million hard-working families will gain an average of £1,260 towards the cost of raising their children in 2024-25. This is described as a meaningful difference for constituents.
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