High Income Child Benefit Charge
Helping you through HICB in High Wycombe – Total Tax Accountant
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Is it worth claiming HICB ?
Many people ask this question and it’s not a straight simple Yes or No answer. It all depends on individual circumstances. If both parents are in excess of £60K income and there is not much can be done to reduce their income then yes may not be worth claiming for Child benefit at first place. However if one parent is continuously at home looking after the child then they should claim Child benefit for children up to the age of 12 as this will protect their state pension entitlement by receive national insurance tax credits. Sounds complicated ? No problem, we can help you .