Spring Budget 24: Child benefit charge threshold raised to £60,000

At present, parents earning more than £50,000 have to pay back child benefit under the HICBC. The system has been labelled unfair as a situation could arise where two parents earning £49,000 a year would be entitled to full child benefit but a couple with one higher earner would be penalised. Hunt said from April 2026 the system would change with the HICBC being assessed on a household basis. He added that "immediate support for working families" would be given by increasing the threshold to £60,000 and halving the rate at which child benefit is repaid. The government said this repres...