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Introduction

The high income child benefit charge (also known as the HICBC) is an income tax charge that is payable by an individual in a tax year in which, for 2024/25 onwards¹:

1. Ìý

   •ÌýÌýÌýÌý their adjusted net income exceeds £60,000, and

2. Ìý

   •ÌýÌýÌýÌý either they or their partner receives child benefit

For every £200 by which the individual's adjusted net income exceeds £60,000, 1% of the child benefit received is levied as the high income child benefit charge. This means that if the individual's adjusted net income in the tax year is £80,000 or more, the high income child benefit charge is entire amount of child benefit received in that tax year².

For tax years before 2024/25 the charge applied where the individual's adjusted net income exceeded £50,000, and for every £100 by which the individuals's adjusted net income exceeded £50,000, 1% of the child benefit received was levied as the high income child benefit charge. This meant