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Chartered Accountants & Business Advisors
Weekly amounts of child / working tax credits and child benefit.
Call 01536 609890 or email support@infinitasaccountants.com
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.