Parents told to check if they could claim HMRC Child Benefit 'even if they think they earn too much'
manchestereveningnews.co.ukParents are being told to check whether they could claim Child Benefit, even if they think they earn too much. A financial expert said there were "a few ways that you can still benefit".
Households can collectively earn up to £60,000 per year to claim £25.60 per week for the eldest or only child, plus a further £16.95 per week for every child thereafter.
After that, HMRC charges earners a High Income Child Benefit Charge, but Katie Guild, co-founder of Nugget Savings, said there were ways to maximise the benefits.
She said: “Firstly, if either of you earns £80,000 or above there is no financial benefit to claiming child benefit. If you earn £60,000 or more before tax each year you can still claim Child Benefit, but you'll have to start paying a 'Child Benefit tax charge'.
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