2.5million families will lose child benefits - are you affected?
"Since then, strong growth in nominal earnings while the thresholds have remained frozen will have increased that number further, and by 2025, it will be closer to 2.5million families ."consultants LCP, said freezing the £50,000 threshold was dragging "more and more families who are far from wealthy" into paying the high income child benefit charge." where the government doesn't announce what it is doing but more people end up losing out.
But it's your responsibility to pay the charge, and you can be fined for any late payments on top of what you already owe.after not paying for outstanding high income child benefit charges. A Treasury spokesperson said: "We’re making the single biggest investment in childcare ever, expanding free hours to all eligible working parents with children over 9 months.
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