NIC Implications and the High Income Benefit Charge

NIC Implications and the High Income Benefit Charge

The high income benefit charge was introduced on 7 January 2013 to restrict the availability of child benefit to high earners and their partners. Essentially, where one partner earns more than £50,000, HMRC will claw back the child benefit paid. The amount clawed back...
5 Tax Planning Tips As 5 April Approaches

5 Tax Planning Tips As 5 April Approaches

For those of you in self-assessment, you know the drill by now…the annual cycle will be all too familiar. Your accountants will soon be issuing reminders through all available channels of communication, hot on the heels of HMRC and their teal green reminders. But...
Will you lose your child benefit?

Will you lose your child benefit?

Child benefit will be withdrawn for high income taxpayers from January 2013. The threshold for this tax change is £50,000 and will be tapered on income from this figure up to £60,000 when no child benefit will be due. The change has been the subject of much...