Budget 2023: Why more parents face losing child benefit

France Nouvelles Nouvelles

Budget 2023: Why more parents face losing child benefit
France Dernières Nouvelles,France Actualités
  • 📰 BBCNews
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

Thresholds being left unchanged for at least 10 years means many more people are being affected by government policies.

The £50,000 to £60,000 threshold has not changed since the policy - known as the High Income Child Benefit Charge - was introduced by the then Conservative Chancellor George Osborne in 2013.

An estimated 26% of families with children in the UK are now losing some or all of their child benefit, according to the economic think tankWe asked the government if it thought the level of the threshold was too low. Its response did not address the question but talked about how progressive the tax system is.You usually expect thresholds in the tax system to go up each year.

It means those earning more than £100,000 a year start paying tax on part of their earnings they did not previously have to pay tax on.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

BBCNews /  🏆 3. in UK

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Why Zendaya didn't attend the 2023 OscarsWhy Zendaya didn't attend the 2023 OscarsIn case you hadn't noticed, Zendaya was missing from the Oscars red carpet and we're devastated, naturally 💔 Here's why:
Lire la suite »

Here’s Why Attendees Are Wearing Blue Ribbons At The 2023 OscarsHere’s Why Attendees Are Wearing Blue Ribbons At The 2023 OscarsCate Blanchett reportedly spearheaded the campaign to spotlight the global refugee crisis.
Lire la suite »

Why Maximilian Gotz isn't back in DTM with Mercedes in 2023Why Maximilian Gotz isn't back in DTM with Mercedes in 2023There will be six Mercedes drivers on the DTM grid this year, but 2021 champion Maximilian Gotz won't be part of the manufacturer's line-up. Here are the reasons behind his absence
Lire la suite »

Why McLaren still has high hopes for F1 2023Why McLaren still has high hopes for F1 2023The F1 2023 opener appeared to be a disaster for McLaren on all fronts 😓 But the team has key reasons to remain optimistic – even if it has to stay patient ⬇️
Lire la suite »

Why McLaren still has high hopes for F1 2023Why McLaren still has high hopes for F1 2023A disastrous start to the 2023 F1 season has not discouraged McLaren from settings high goals with a car it still believes has the potential for much more. Here's why:
Lire la suite »

Why Austin Butler didn't bring Kaia Gerber to the 2023 OscarsWhy Austin Butler didn't bring Kaia Gerber to the 2023 OscarsNo, it's not because they broke up over his Elvis accent.
Lire la suite »



Render Time: 2025-02-25 22:41:44