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Working tax credits and child benefit.
Child Benefit is receivable by a person responsible for each child who is under 16, or 19 if they stay in education or training.
If the person (or their spouse or partner) has 'adjusted net income' above £60,000 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 £80,000 a year, the tax charge equals the Child Benefit received.
25 Jul 2025
The government will charge Inheritance Tax (IHT) on unused pension pots and death benefits from April 2027.
24 Jul 2025
The British Chambers of Commerce (BCC) has called on the government to harness retail investor optimism to help grow the UK economy.
23 Jul 2025
The government recently published draft legislation for Finance Bill 2025-26 for consultation.